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Either_Awareness8969 OP t1_j28sd30 wrote

Reply to comment by kjerlil12 in 22 and started my first job six months ago… by Either_Awareness8969

Makes sense, I have about 13k of that 37k invested in index funds / ETFs. I was thinking of bumping contributions up to ~18% ish for the 401k. I want to retire before 50 - does that impact how I should think about 401k / IRA planning?

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kjerlil12 t1_j28tudc wrote

If it's in your budget, then I would try to hit the maximums for the 401k and IRA. You can invest in index funds within an IRA, although the 401k options may be more limited. I would say using tax advantaged accounts is even more critical if you're trying to retire early, and it's great that you're starting early to maximize the time spent in market. You might also check out r/FIRE for more early retirement planning.

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