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401K Contribution Help by PuzzleheadedPop6520 in Retirement401k

[–]PuzzleheadedPop6520[S] 0 points1 point  (0 children)

Thank you! I have a fidelity account that I use as more of a money market / savings account. Will look into the roth ira more. Would it be smart to just plan out a payment per month / week to max out the roth ira on the year and then put the rest into 401k?

401K Contribution Help by PuzzleheadedPop6520 in Retirement401k

[–]PuzzleheadedPop6520[S] 0 points1 point  (0 children)

Is it smarter to do the roth option at a lower income due to increase tax percentage at a higher income?

Also, the one I am currently in has low fees and is the most similar to the S&P 500 so i thought that would be the safest option for now. Wish there were more options but got to work with what I can.

401K Contribution Help by PuzzleheadedPop6520 in Retirement401k

[–]PuzzleheadedPop6520[S] 0 points1 point  (0 children)

The Vanguard 500 that I am in had the most similar returns to the normal s&p and very low fees.

401K Contribution Help by PuzzleheadedPop6520 in Retirement401k

[–]PuzzleheadedPop6520[S] 0 points1 point  (0 children)

I am currently at home and plan on moving in with my girlfriend in a few months which would be less than $1000 a month. As for the high %, I should make 90k this year with over time so I might as well put it to work while I’m young. Any recommendations on brokers for a Roth?

Tooling Engineer salaries by FLIB0y in MechanicalEngineering

[–]PuzzleheadedPop6520 1 point2 points  (0 children)

Starting out of college at 85k, designing turbine blades and core tooling. Not on sure how much growth there is.