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I am Offered 29.5fixed by PwC for SA (L2). Currently on 25fixed. Should I join ? In terms of WLB.! My current employer on fishbowl shows Deloitte but have left Deloitte a year back. Currently in a firm with good WLB but PWFH is a big win for me that PwC is offering.
Any guidance or fist hand experience sharing is highly appreciated.
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I would start with 401k to company match of 6 percent. I would then do Roth IRA. Do you have a 3-6 month emergency funds and funds for near term needs? I would put that somewhere safe like Hysa. Can you do HSA? If so I would do that next. Then back to the 401k. I would use a taxable account last unless you have mid term needs that will require funds.
That is your decision. I would personally keep an emergency fund. There is a high correlation between losing your job, a economy crash and stock crash. If you lose your job because of the economy crashing I don’t think being a high performers will help that much. I know too many people that lost jobs for a long time in the financial crisis. For that reason I will always keep an emergency fund. I look at it like paying for insurance. I hope to never need it, but still want it
If your company does a match on the 401k do the max that is required to take full advantage of it, otherwise you’re just leaving money on the table. This part is a no brainer.
I think the answer to the main point of the question is still “it depends”. You need to determine how much money you have leftover after covering living expenses (rent, food, utilities, etc). Once you know how much money you got left after covering the essentials, it just comes down to the quality of life you want to have. Make a budget and determine what makes sense for you.
If you’re planning to go to grad school full time later, do Trad 401K and Roth IRA so you can take advantage of a Trad 401K conversion to Roth 401K later