Hi all,
I've been lurking here for a while and wanted to finally make a post to get anyone's thoughts on where things stand for me. I just turned 25 and want to make sure l'm on the right track for my near term plans and goals, any input/ advice is greatly appreciated!
Details
• Income is 100k/year in a VHCOL area (NYC)
• 401k: $31k
• Brokerage: $21k
• Roth IRA: $18k
• MMF: $15k (serves as my emergency fund, planning to use 35% soon as I plan to move in with partner next month)
• Checking: $4.7k
• No debt
• Total NW ~ $90k
At the moment I max out my Roth IRA every year, and contribute 5% to my 401k to get my employer match (100% of first 3%, 50% of next 2). I also set aside $150/ month to my brokerage and $150/month to my MMF. l've also started contributing to a 529 which at the moment has a little less than $100 (opened it this year lol). I also usually receive a performance-based bonus each year (15%) but don't want to factor in/rely on in the case I don't receive.
Ideally would like to get married to my partner in the next 5 years, and ultimately buy a house/start a family in the next 10. Goal is to ideally stay in the NYC-metropolitan area long term as close family and friends are here, but want to see if something needs to change lifestyle wise for this to be realistic. I'm excluding my partners numbers as again I don't want to rely on, but they make 20% more than me annually and are much farther ahead when it comes to retirement savings.
Thanks!
[link] [comments]