Hi there,
Medium-time reader, first time poster. I am relatively financially illiterate, but working on it, so please do point out glaringly stupid assumptions and statements I make.
The situation:
I'm in my mid-twenties, and have been steadily working towards a particular type of job, which I have just obtained. I have basically no savings or investments, which I will be rectifying over the coming months. My question stems from my new company offering a 401k plan and me not being sure if it's a good idea to invest in it. Along with this job comes a very sizable amount of equity in a company that's on an upward path. At my start date my equity is worth well in excess of one million dollars. As it vests over the next 4 years, I have no idea how much it'll be worth, but I can fairly safely assume: more.
So, with that in mind, does it make sense to put away four or five percent of my my salary ($100k) towards this specific kind of savings (401k) while I have the money from my equity on the horizon, or would it be better to invest in a different way, considering?
Thanks for any help, and I hope that these comments are in line with the forum in general, which I am brand new to. I'm excited to start being more intelligent with my money so I'm open to any input.