So I'm currently 28 years old working in IT for a State Agency. Here are my assets and liabilities.
$45,845.70 in a Roth IRA with Vanguard in Total Stock Market Admiral Fund
$7,508.12 in our 401k "Deferred Compensation Fund" which I receive a 4% match on so I'm meeting the match it is in S&P 500 and a Dividend Growth Fund both with low Expense Ratios
$29,049.24 in our Pension Fund I purchased 5 years of service so I have 10 years and 4 months currently the payout formula is ((years of service * 2%) * highest average salary over a 3 year period during your last 15 years)
-$12,450.21 Car loan at 2.7% I just bought it
$300.00 contributed to an HSA I just enrolled in
$2,800.00 in Series I Saving Bonds for my Emergency fund
I make $3581.00 before tax per month as a frame of reference. My only expenses are my car payment $207.00 per month which I contribute $300.00 per month, car insurance $77.00 per month, and my cell phone bill of $52.00.
Currently, my plan is to keep matching my employer 401K at 4%, max out Roth at $5,500 per year, gradually pay down my car loan, and build emergency fund.
The big reason I bought my 5 years of service was to diversify my retirement accounts. Is there anything else I should be doing? I'm not ready to buy real estate as I'm not married or settled down.
$45,845.70 in a Roth IRA with Vanguard in Total Stock Market Admiral Fund
$7,508.12 in our 401k "Deferred Compensation Fund" which I receive a 4% match on so I'm meeting the match it is in S&P 500 and a Dividend Growth Fund both with low Expense Ratios
$29,049.24 in our Pension Fund I purchased 5 years of service so I have 10 years and 4 months currently the payout formula is ((years of service * 2%) * highest average salary over a 3 year period during your last 15 years)
-$12,450.21 Car loan at 2.7% I just bought it
$300.00 contributed to an HSA I just enrolled in
$2,800.00 in Series I Saving Bonds for my Emergency fund
I make $3581.00 before tax per month as a frame of reference. My only expenses are my car payment $207.00 per month which I contribute $300.00 per month, car insurance $77.00 per month, and my cell phone bill of $52.00.
Currently, my plan is to keep matching my employer 401K at 4%, max out Roth at $5,500 per year, gradually pay down my car loan, and build emergency fund.
The big reason I bought my 5 years of service was to diversify my retirement accounts. Is there anything else I should be doing? I'm not ready to buy real estate as I'm not married or settled down.