DaveNineFive
Dryer sheet wannabe
- Joined
- Feb 8, 2008
- Messages
- 19
Hello Everyone!
My name is Dave, I'm 24, living in Chicago, and I'm starting to get serious about trying to retire early (or FIRE myself, I guess ).
I've been out of school for almost three years, and by getting in at a small company that has done very well I'm making some good money these days. I'd like to figure out the best way to invest so I can be the one who decides what I'm doing twenty years from now!
I've spent the last few months saving in cash to build a down payment on a home. I'm up to about $22k, and will be at $30k by June. Other than that, we just got a 401k plan at work (one downside to a small company), so I'm putting in enough to get the full match.
This summer I plan to shift my focus from just saving cash to maxing out my 401k (while still adding to my nest egg at a slower pace), but I'm unsure what comes after that? I have a Roth IRA from before the 401k, but I'd like to invest in something I have access to before I'm 60. Are Index funds the answer? Any advice for someone in my situation would be very much appreciated. Thanks in advance!
My name is Dave, I'm 24, living in Chicago, and I'm starting to get serious about trying to retire early (or FIRE myself, I guess ).
I've been out of school for almost three years, and by getting in at a small company that has done very well I'm making some good money these days. I'd like to figure out the best way to invest so I can be the one who decides what I'm doing twenty years from now!
I've spent the last few months saving in cash to build a down payment on a home. I'm up to about $22k, and will be at $30k by June. Other than that, we just got a 401k plan at work (one downside to a small company), so I'm putting in enough to get the full match.
This summer I plan to shift my focus from just saving cash to maxing out my 401k (while still adding to my nest egg at a slower pace), but I'm unsure what comes after that? I have a Roth IRA from before the 401k, but I'd like to invest in something I have access to before I'm 60. Are Index funds the answer? Any advice for someone in my situation would be very much appreciated. Thanks in advance!