If there's any 20-somethings here that make 6 figures, listen carefully:
1. Max out your 401k, and invest all of it in a target date retirement fund. (Some companies are douches and will assign you mostly their own stock, which when it tanks, there goes your retirement... so check your allocation)
2. Get an HSA and max that out. Invest it all in a target date retirement fund. Do not use any of it, pay for medical expenses with cash and save your receipts. Get reimbursed for the receipts when you retire.
3. Contribute to an IRA and max it out (or backdoor roth when you make enough that that's necessary). Invest it all in a target date retirement fund.
4. Keep 6-12 months of living expenses in a high yield savings account.
If you start when you're 23, and you make $100k/yr, you can retire at 45. That may sound very old right now, and you might think, I'll just save later. But consider that when you turn 45, you may realize you have 20 more years of this shit job before you can retire.
If there's any 20-somethings here that make 6 figures, listen carefully:
If you start when you're 23, and you make $100k/yr, you can retire at 45. That may sound very old right now, and you might think, I'll just save later. But consider that when you turn 45, you may realize you have 20 more years of this shit job before you can retire.