View Single Post
Old 05-28-2007, 02:12 AM
mkflsam mkflsam is offline
Senior Member
Join Date: Aug 2005
Posts: 324
Default Just starting out, keeping it simple...

I'm 23, just graduated with an electrical engineering degree and picked up a solid job.

I bought a $240k house (6.125% fixed, 30 yr, 0 down), $14k car (1.9% fixed, 3 yr, 0 down), and I'm currently putting away 10% (7% company match for 17% total) of my salary pretax into a 401k at 75% S&P index fund, 25% small/mid cap. Not counting side income, I have a small ($200-500) cushion every month.

Is there anything I should be doing differently or should consider doing in the near future to help set myself up for an early retirement, say 35? If I had an extra $2000 a month to save what are some investment options you'd recommend?
Reply With Quote