I just started a job after many years in Grad school. Been pretty decent with finances, studied throughout my life on scholarships, and have saved a decent chunk of change during my Ph.D. and job before I started grad school.
I'm currently 38 years old and sitting on around $35K in savings, and my job pays around $105K gross in Chicago. No debts. Lifestyle expenses are minimal (staying with grad school roommates and sharing rent and grocery expenses) - I will move to my own place in the Fall. I also invested in a market-linked Life Insurance / Savings plan back in India (ULIP). My savings should be enough to tide over any emergencies for now. No current ailments; never had to see a doctor in the USA.
As I receive my first (real) paycheck in many years, what else do I need to start doing? I've had to make my benefits choices quickly since I didn't have time to research everything. I opted into maximizing my HSA ($3350/yr) and enrolled in my employer's HDHP plan to minimize healthcare premiums. I also opted to put $2500 per month into a supplementary retirement savings account (403(b))
FartboySlim t1_jegohcq wrote
Reply to Weekend Help and Victory Thread for the week of March 31, 2023 by IndexBot
I just started a job after many years in Grad school. Been pretty decent with finances, studied throughout my life on scholarships, and have saved a decent chunk of change during my Ph.D. and job before I started grad school.
I'm currently 38 years old and sitting on around $35K in savings, and my job pays around $105K gross in Chicago. No debts. Lifestyle expenses are minimal (staying with grad school roommates and sharing rent and grocery expenses) - I will move to my own place in the Fall. I also invested in a market-linked Life Insurance / Savings plan back in India (ULIP). My savings should be enough to tide over any emergencies for now. No current ailments; never had to see a doctor in the USA.
As I receive my first (real) paycheck in many years, what else do I need to start doing? I've had to make my benefits choices quickly since I didn't have time to research everything. I opted into maximizing my HSA ($3350/yr) and enrolled in my employer's HDHP plan to minimize healthcare premiums. I also opted to put $2500 per month into a supplementary retirement savings account (403(b))