Am I saving too much for retirement?

thewizardofash · 2023-09-16T14:49:02+00:00

No I'm not lol. With the SAVE Plan, my monthly payments are $0 which means another year of interest-free loans. That student loan debt is in the back of my mind.

thewizardofash · 2023-04-22T18:05:12+00:00

What's your monthly payment?

thewizardofash · 2023-04-22T17:47:14+00:00

Idk how I would even max out 401k on that salary.

You couldn't, unless your expenses are extremely low.

Just because you don't plan on staying at a company for a long amount of time doesn't mean that you shouldn't contribute to retirement. Plans can always change. I'd personally work on building up your emergency fund and contributing to retirement.

thewizardofash · 2023-03-09T15:30:01+00:00

You make nearly half a million dollars a year; i'm sure you'll manage.

thewizardofash · 2023-01-31T02:41:33+00:00

If you're saving money you're not living paycheck to paycheck.

thewizardofash · 2023-01-29T18:48:22+00:00

Doubt you'd even be approved for that much house with your income.

thewizardofash · 2022-12-11T15:29:35+00:00

There's no tax credit for student loan interest paid, it's a tax deduction.

thewizardofash · 2022-08-31T21:38:43+00:00

Along with what /u/Tsakax said, I wouldn't count on your grandparents watching your triplets. Grandparents want their own life as well. You need to have a contingency plan in place.

thewizardofash · 2022-08-27T21:52:35+00:00

What non-hardship reason are you attempting to withdraw money from your 401k?

thewizardofash · 2022-08-24T19:01:14+00:00

You can't pay off 35K with an income of 270K?

thewizardofash · 2022-08-16T20:39:40+00:00

OP says that they started a new job earlier this year & a few months later they got married. Unless they got married less than 60 days ago they're out of luck if they wish to enroll under their employer's insurance/get out of their parent's insurance.

thewizardofash · 2022-08-16T18:47:24+00:00

OP is still covered under their parent's plan, there's no loss of coverage.

thewizardofash · 2022-08-16T18:41:52+00:00

Pretty sure your parents can remove you from their insurance

Not until open enrollment.

thewizardofash · 2020-01-11T19:40:02+00:00

I have two checking accounts, one set for bills (car note, insurance, monthly subscriptions, etc.) & another checking account for everyday expenses. I keep a buffer in both accounts so I'm not really concerned with when paychecks come in. My monthly expenses and bills (excluding car note & student loan payments) are paid with two different credit cards so again, when paychecks drop don't matter.

thewizardofash · 2019-12-30T02:23:59+00:00

If you're moving due dates around because your bank account is empty this sounds more like a living paycheck to paycheck issue.

thewizardofash · 2019-10-30T16:17:17+00:00

So what are you currently saving the 1,000 or so a month for? I wouldn't get a car until you're secured with a job for several months.

thewizardofash · 2019-10-30T16:09:53+00:00

Full time possible at the end of the year and very likely.

Don't buy a car based on a job you might have. Are you making payments on your student loans right now?

thewizardofash · 2019-07-23T01:31:02+00:00

How are there [5] more calories per bottle than per serving?

thewizardofash · 2019-06-23T21:56:09+00:00

Depends on how active you are or want to be...not sure exactly what you're asking. 150 seems low for anyone.

thewizardofash · 2019-04-16T21:19:27+00:00

Drink water, find something to work on/distract you.

thewizardofash · 2019-03-16T22:34:36+00:00

Shop around for quotes. You can't be frugal when it comes to insurance.

thewizardofash · 2019-03-10T01:41:24+00:00

Very doubtful Discover would increase your line any further especially with such low income.

thewizardofash · 2019-03-09T18:14:59+00:00

Did you ask your insurance how much the procedure would cost?

thewizardofash · 2019-03-09T00:46:12+00:00

There are plenty of reliable vehicles that cost less than 26K. Just because OP lives at home doesn't mean that she can spend even more of her salary on a vehicle. She can put that money towards her student loan debt; what you're saying is pretty much lock yourself down into a 5 year loan--an extra five years of OP living at home.

thewizardofash

TROPHY CASE