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Hey Fishes Looking out for a job change and came across vacancies at Deloitte India as per my profile and experience. Can someone kindly help me with the referral. That'll be great help. Have been trying from a long time to switch but nothing fruitful yet. Your referral might make the job hunt a bit easier so kindly help. Yoe: 3.3 Profile: SAP SD associate consultant Immediate joiner
Deloitte India
Thanks in advance for your help.
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Congratulations on being in the position to ask this question. IMO this is the order for your money;
401k up to company match, emergency savings so you don’t use a credit card for things that come up, Roth IRA at low cost provider, Individual brokerage/mutual fund account.
Rising Star
I made sure to max the company match so I wasn't leaving money on the table. Once I had a bit of savings built up under my personal account I started maxing my 401k and IRA. Don't feel the need to do that too quickly tho, as you pay a penalty if you need to withdraw them early. Decide if you want a house and what sort of down payment you might need before maxing retirement accounts. As long as you aren't missing out on employer match I think that's the best way to do it imo
You seem in a great place and are already ahead of most people 401k -wise, I think. The only thing the other comments don't mention would be to pay down any debt that you have if you have any.
I am in the same position as you. To be honest it depends on what your plans are for life. Me personally I’m only taking my company’s match of 7%. I think my money can be better utilized elsewhere, anything more is locked up to much liquidity. I would recommend maxing a ROTH next.
This is just reaffirming the earlier comments, but this is perfect. My recommendation *especially* for anyone in their 20s is to put in enough to max out the company's matching contribution, as long as one can afford it -- in other words, exactly what you're doing.
Maybe even encourage others around you to do the same. It took a little prodding from coworkers for me to finally do so at 25 when I could've realistically started 2-3 years earlier.