Hello group!
I'm 30 years old, and have been saving furiously since my early 20's. My company matches 6% and gives an additional 4% of yearly salary for profit sharing. I contribute 15% to my 401K and max out a Roth IRA. i have double my yearly gross salary in my 401K. Is that on target? On top of that before I decided to buy a house I was investing in stocks as well. Now that I have the house I will have to struggle for the next two years until my car is paid off (I should have bought a cheaper car, but i thought the 2010 Jetta TDI would last longer with a diesel engine). Once that is finished, i'll free up an additional 800/month to save toward a better emergency fund. (Per Suze Orman)!
I'd like to either retire when I'm 50 or switch to a job that i'd just have for medical insurance purposes and work part time. Do a lot of you have that idea as well? I'm really curious to hear your thoughts.
I'm 30 years old, and have been saving furiously since my early 20's. My company matches 6% and gives an additional 4% of yearly salary for profit sharing. I contribute 15% to my 401K and max out a Roth IRA. i have double my yearly gross salary in my 401K. Is that on target? On top of that before I decided to buy a house I was investing in stocks as well. Now that I have the house I will have to struggle for the next two years until my car is paid off (I should have bought a cheaper car, but i thought the 2010 Jetta TDI would last longer with a diesel engine). Once that is finished, i'll free up an additional 800/month to save toward a better emergency fund. (Per Suze Orman)!
I'd like to either retire when I'm 50 or switch to a job that i'd just have for medical insurance purposes and work part time. Do a lot of you have that idea as well? I'm really curious to hear your thoughts.