I stumbled across this blog about 3 months ago and it has changed my life completly. I have been an avid reader, learner, and try-to-doer of the MMM way of life. From MMM I have branched out and started reading other blogs such Jim Collins and the Mad Fientist trying to learn as much as possible. After hours and hours of reading and contemplating I am ready to take the plunge into badassity. This has led me to this point, my first post on any such site asking for help. There has been so much information and I need some guidance putting it into practice full time. Here is some info about me and any advice would be greatly appreciated!
About Me:
25 year old male
Live in California
Employed making 60k/yr pretax.
Hoping to reach FI by age 40/45.
Financial Info:
Debt:
10k student loan debt @4.6% interest.
IRA Questions:
Currently have a Roth but having read about the Roth conversion ladder I am curious about switching to a traditional and would like some input.
Should I keep my IRA funds in Target Date 2050 (what it is currently) or move it to something like VTSAX? My IRA is funded for 2018.
401k:
I become eligible for my companies 401k next month (May 2018). They will match 4% if I contribute 5%. I plan on contributing to get the match but I am wondering if it is more advantageous to max my 401k for the tax benefits or to contribute that money to a taxable account. The 401k fund would be Great-West S&P 500 Index Fund with an ER of .54. All other options have ER much closer to or over 1%.
Liquidity:
I have an emergency fund of around 8k in a High yield savings account @1.6%.
Expenses:
By my calculations after all my required expenses, (food, rent, gas, insurance, student loans, etc) I have around $2000 a month to invest.
I am looking to take advantage of my age and plant the brightest future that I can starting now.
Any advice is greatly appreciated!