What should I do better in this economy?

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Current market has me (and everyone!) doing some financial soul searching. Appreciate any thoughts, comments, criticisms on my situation and plan below, and how to potentially account for the next 3 years of economic craziness. Thank you so much.

  • Profile: 28M, earn $250k a year after a recent salary bump, live in HCOL city (NYC). No debt. No plans for children and not looking to buy property anytime soon due to some family matters (ie where parents will retire), probably get married in the next 2 years, no plans for further school. Intend to stay in my career before setting up my own consultancy in 10 years or so.
  • Monthly Expenses: $2500 in rent, generally $1500-$2000 in other expenses.
  • Savings: $10k in HYSA that I’m aiming to get to $20k, $5k in bank savings account, $5k in bank checking account.
  • 401K: max it every year, currently sitting at $130K. Also have $35k in a British pension pot from some time there.
  • IRA: No IRA. Likely next step?
  • Investments:
  • Brokerage: limited to ETFs per my company’s trading policy. Currently have $80k largely in VOO and SCHB. Intend to keep investing $1-1.5k per month here.
  • Additional: $10k in multiple 5%, 10 year fixed deposits in India, organised by my family.

Posted Apr 9, 2025, 8:17 PM UTC

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