Living in NYC — to buy a house before 30, how much did you cut back on 401k? I am maxing it out right now (age 23) but after rent and my Roth IRA I am only saving 10-15k every year. Doesn’t look like I’ll be able to afford a house for a while, but is it worth cutting my retirement down to get there faster? If so, how much is reasonable?

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Just find a partner who’s doing the same 🙂

likefunny

In the same boat here OP 🤭 I’ll pray for both of us 😂

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I would max Roth and only contribute enough to the 401k to get the match. Probably should be investing your savings in the market to some extent if you have a multi-year timeline. Housing prices going up far faster than I can save in DC. Manhattan is probably on a better, downward trajectory.

likesmart

Good for you. You have a preference. Go do that.

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How much are you earning and how much is your rent that you’re able to max out?

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