This will probably be the first year I don't hit my max on the Roth, but I could if I sacrifice some emergency fund. Just gonna see how it goes, I have about $3k left to contribute this year. Normally I prioritize it but my girlfriend opened a business and I had to spend a little extra for support/her needs.
Gotcha, thank you! Yeah I'm usually pretty hard on myself about spending but I convinced myself to splurge on coaching just because this is what I want to do (I also want to coach in the future) so I consider it an investment.
Luckily my parents and my girlfriends prefer us stay living with one of them for as long as possible so I don't have to move out.
I wanted to have 100k by 25, but the market has kind of prevented that. I guess it's a win to not have my net worth go down and at least stay stagnant right now?
TheBigShrimp OP t1_iuk0vcl wrote
Reply to comment by SmartBar88 in Am I contributing enough to my retirement/savings? by TheBigShrimp
Thanks!
Sorry I didn't expand:
I have a $12k emergency fund.
$35k in a Roth IRA and $28k in a 401k.
This will probably be the first year I don't hit my max on the Roth, but I could if I sacrifice some emergency fund. Just gonna see how it goes, I have about $3k left to contribute this year. Normally I prioritize it but my girlfriend opened a business and I had to spend a little extra for support/her needs.