Hello,
I just took my first job and need some advice. I am going to work for Apache (Oil) and make right at 45,000. I am almost 23 years old and want to start investing asap.
My company matches 6% in 401k + has its own retirement plan that gives you an extra 6%. I am thinking about putting away 12% of my own salary into the 401k, but I have also heard it may be better to do a Roth. We do our investments through Fidelity, so if anyone knows any good stuff from them, let me know.
Also, I am going to live with my parents until I graduate(fall). I have saved up 15k from side jobs and other stuff since starting college. My truck is paid off, no student debt(thanks parents), and I am getting a company truck and gas card on top of that.
I am getting married next summer, and my wife if about to be graduate as an RN. She also has no debt because a hospital paid for her schooling. What this all boils down to is she will be making close to 45 and me also. We are looking to buy a house in about 8-9 months. I plan on saving as much as possible.
Do you people believe that you need to put down 20% on a house? I would like to put that much down because the houses where I live are relatively cheap. I was thinking of buying a house around 150-200. Just wanted to get some input, sorry for rambling on.
Thanks,
I just took my first job and need some advice. I am going to work for Apache (Oil) and make right at 45,000. I am almost 23 years old and want to start investing asap.
My company matches 6% in 401k + has its own retirement plan that gives you an extra 6%. I am thinking about putting away 12% of my own salary into the 401k, but I have also heard it may be better to do a Roth. We do our investments through Fidelity, so if anyone knows any good stuff from them, let me know.
Also, I am going to live with my parents until I graduate(fall). I have saved up 15k from side jobs and other stuff since starting college. My truck is paid off, no student debt(thanks parents), and I am getting a company truck and gas card on top of that.
I am getting married next summer, and my wife if about to be graduate as an RN. She also has no debt because a hospital paid for her schooling. What this all boils down to is she will be making close to 45 and me also. We are looking to buy a house in about 8-9 months. I plan on saving as much as possible.
Do you people believe that you need to put down 20% on a house? I would like to put that much down because the houses where I live are relatively cheap. I was thinking of buying a house around 150-200. Just wanted to get some input, sorry for rambling on.
Thanks,