[USER]

Hello everyone, I was just graduated and got my first check. I’ve been reading about all kinds of retirement accounts like 401k, Roth IRA, IRA, stocks, tbil, tbonds…

I am now confused because there are so many information. I opened 401k, Roth IRA and a HYSA. My questions are: how many percent should I put in those account for eaxh paycheck? Any index fund or mutual fund should I buy in Roth IRA? How to budget ans balance between investment, retirement plan and life?

Any financial book that you recommend me to read? Thank you so much.

[Gonzalo]

I recommend this book often to young people. It answers a lot of your questions. It’s a straightforward read and has actionable advice. Read its reviews.

[Brandon]

If your work offers a match, do the 401k and get their match.

Then max out a Roth IRA. If you can do this, then go back to your 401k.

I love VTSAX, VOO, VTI, VUG.

Don’t miss: What’s the best investment advice and firm for an 80-year-old with stocks transitioning to easy dividend investments?

[Kevin]

Depending on your needs put at least enough into your 401k for a match often 4-5%. Even better if you can bump it up to 15%.

Most import thing is to start now and don’t view that money (4-15%) as your income.

[Marleigh]

A Simple Path To Wealth is a favorite of a lot of folks here.

[Tiffany]

I recommend checking if your employer has an Employee Assistance Program (EAP) and setting up a call with a financial coach.

[Author]

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