Poor, clueless 23 year old here. Any tips on how to balance retirement savings with short-to-medium term savings goals? (Wedding, MBA, car, down payment).

I currently max out my Roth IRA, but don’t max out my 401k. If I did i would have nothing left for liquid savings. Any tips?

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YOLO the majority on TSLA calls

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Can’t be afraid of the tendies

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I don’t max out my 401k because I rather have liquid cash for investments. Once it’s in the 401k, it’s locked in until you retire. I only do company match, max Roth IRA, some into my taxable brokerage and rest to real estate fund

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Right, whenever I put money into 401k I assume it’s locked it until I leave the company and convert my 401k. But until Op leaves the company, it’s stuck. I don’t think you can transfer out your 401k until you leave

Use a retirement calculator to see how much you need to save per month to reach your retirement goal. Do it to age 100 because people live longer nowadays. It should spit out a monthly amount. Use that amount as your combined Roth/IRA/401k max that you’ll never touch, then put further savings into a normal brokerage account where you can access that money whenever you want.

My husband and I put 15% to retirement and the rest in normal savings and investing for more immediate needs.

If you know the rough amount you need and when for those near-term goals, see if you can still keep up your current savings while putting money in savings for those near-term goals. Hopefully you have a separate emergency fund too.

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