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anonymous_plus_ultra OP t1_j1ogaf9 wrote

Reply to comment by NaturalWorth939 in is 73k good in new jersey? by anonymous_plus_ultra

my dad saying to contribute 25% to 401k

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ghost_robot2000 t1_j1oi133 wrote

If you're living at home you could. It's not a bad thing to do if you can. I just could never afford to do more than the 6% that you need to get the company match where I work. I moved out right away after college. Even if living at home and saving money was the right move financially, there's no way I could do it for my sanity.

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imMakingA-UnityGame t1_j1qkvho wrote

Thats stupid. Do your 401K employer match Then max your Roth IRA with extra Income. You need to go to /r/personalfinance and read the wiki.

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hombre_lobo t1_j1q62r6 wrote

Because your dad know when carrying you financially and that now is the time to do so.

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