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Upset-North-2211 t1_j6fmhg6 wrote

Save 4% in 401k to get the match, then 11% into a Roth account. If you invest like this in retirement accounts until your are 65, you will have millions. You don’t need to save harder for retirement.

Put any additional savings into your taxable brokerage account invest in an S&P500 index fund. This account can be for buying a house, a new car, vacations, etc.

You are in great shape. Save like above, but also live your life while you are young.

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vynm2 t1_j6fxqtd wrote

The IRA contribution limit is $6500 for 2023, so it may not be possible to save 11% into a Roth.

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Upset-North-2211 t1_j6fz7yr wrote

OP makes $60k (in post), 11% is $6,600. Pretty close.

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vynm2 t1_j6g3rv0 wrote

Yeah, but if OP listened to you and contributed 11%, they'd have made an excess contribution that they'd have to deal with.

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