captainfaris
New member
Age: 42
Retirement Target: 2040
Salary:
3/2023 to 12/2023 = ~ $120,000 gross
2024 = $161,160 gross
Living Expenses:
$1500/month total IF that
Debt:
Student Loans = ~$108,000 total
Anticipated Payment = ~ $1,000/month
Upcoming Major Expenses:
Surgeries not covered by insurance = ~ $20,000 (tax deductible, though, bc they are medically necessary; I will itemize this year)
Assets:
Cash on Hand = $1,500
Checking = $1,000
Savings = $20,000 (for surgeries w/in 3 months)
Marcus HYSA = $5,000
Current Retirement Savings = $0
2023 401(k):
Contributions = $1320 bi-weekly for the remainder of the year (Total = $22,440)
Allocations =
[70%] - iShares S&P 500 Index (BSPAX)
[15%] - MFS International Growth Fund Class A (MGRAX)
[15%] - BlackRock High Yield Bond Inv A (BHYAX)
Other Pre-Tax Savings Elections
HSA = $3850
Really just looking for everyone’s advice/opinions on my financial situation… specifically the 401(k) contributions & allocations as well as my total financial/investment plan to:
* keep $1500 cash in home safe
* keep $3000 in checking
* save & keep $50,000 for future home down payment in Marcus HYSA
* open Roth IRA and contribute $6,500
* invest $5,000 in after tax dollars that I’m prepared to risk in a Vanguard brokerage account just to play/roll the dice & which, specifically, would you suggest?
Retirement Target: 2040
Salary:
3/2023 to 12/2023 = ~ $120,000 gross
2024 = $161,160 gross
Living Expenses:
$1500/month total IF that
Debt:
Student Loans = ~$108,000 total
Anticipated Payment = ~ $1,000/month
Upcoming Major Expenses:
Surgeries not covered by insurance = ~ $20,000 (tax deductible, though, bc they are medically necessary; I will itemize this year)
Assets:
Cash on Hand = $1,500
Checking = $1,000
Savings = $20,000 (for surgeries w/in 3 months)
Marcus HYSA = $5,000
Current Retirement Savings = $0
2023 401(k):
Contributions = $1320 bi-weekly for the remainder of the year (Total = $22,440)
Allocations =
[70%] - iShares S&P 500 Index (BSPAX)
[15%] - MFS International Growth Fund Class A (MGRAX)
[15%] - BlackRock High Yield Bond Inv A (BHYAX)
Other Pre-Tax Savings Elections
HSA = $3850
Really just looking for everyone’s advice/opinions on my financial situation… specifically the 401(k) contributions & allocations as well as my total financial/investment plan to:
* keep $1500 cash in home safe
* keep $3000 in checking
* save & keep $50,000 for future home down payment in Marcus HYSA
* open Roth IRA and contribute $6,500
* invest $5,000 in after tax dollars that I’m prepared to risk in a Vanguard brokerage account just to play/roll the dice & which, specifically, would you suggest?