Another new guy!
Hey everyone, my name is Matt. I'm 22 years old and already planning for retirement. I've been looking around for good advice where I can find it and I just can't find any solid advice as to what I should do at this point. I'm here for some help, and hopefully to help out some other people with their troubles.
I work as a custodian making 40k per year for a school district. I contribute 7.5% of my income to the district's pension plan and the school and state match my contributions together for another 7.5%. I have $22,000 in a savings account at 3% APY. I currently own my car, I have no CC debt (except what I charge each month, but I pay it off every month.) I have plans on getting married within the next year or so. I will be leaving my job in about 3 years (after I am fully vested in the retirement program) to move from Pennsylvannia to somewhere south closer to the beach. I'm wondering what I should do with my money in the mean time. I've been toying with the idea of putting 5k into a Roth IRA. Is this a good move? What else should I be doing with my money? After bills and all expenses, I can save about another 1100 each month.