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Jummah Mubarak Fam ☪️💚
I quit today :)
Additional Posts in Personal Investment Chatter
I just hit $200k NW and it’s been 7 months since I made my post (link below) about hitting $100k NW in Dec ‘21.
I’m just mind-blown since it took me 2.5 years to get the first $100k and it’s snowballed from there. I’ve gone from $82.5k TC to $238k TC plus a $20k appreciation on a house I bought at the beginning of the year
Can’t really talk about finances with friends/family so this is the only place I can share milestones like this haha…we’ll see if I can hit $300k by EOY
https://joinfishbowl.com/post_muypy45qoy

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Roth IRA is an individual retirement account, separate from a company 401k. You can only add money into it if you make less than a certain income so it’s best to take advantage of the 5.5k/year you can put in while eligible. You aren’t taxed on gains.
This post has a helpful cheat sheet - short story, depending on your income level, 401k to take advantage of company match is always a good move. After that, a few other things to consider before maxing 401k. Be sure to check out back door Roth IRAs depending on your income level.
Hopefully goes without saying, that emergency fund also is prioritized.
https://www.bogleheads.org/wiki/Prioritizing_investments
Agree with Deloitte - max 401k and max ROTH IRA for the next few years until your salary increases too much and you’re not eligible to invest in a ROTH IRA. but always max 401k. Then if you have leftover money put it into a savings account until you have a nest egg of 3-6 months savings. Then you can play with stocks :)