$50k Savings, $130k salary, $50k in 401k, ~$30k in student loans. What to do?

I (31M) have some money saved up in a high yield savings account, $50k, an emergency fund of $3k, a 401k with about $50k and make about $130k a year. I also do not pay a dollar for any healthcare or dental, it is entirely paid for by my employer, I just pay $10 co pays when I go to a doctor.

I’ve never had a financial advisor and not sure if I should be investing my $50k to grow it faster than the 3.6% yield. I’d like to buy a house in a year or two, but not in a rush. My biweekly paycheck is about $3,500 and my monthly liabilities is roughly $3,000 (rent, car lease, groceries, food, student loans, bills, etc.)

Is this a good amount of savings? I don’t ever talk about it with my friends or family so I’m not even sure. What’s the best thing to do in my situation? Appreciate any “advice.” Thank you.

Posted Apr 9, 2025, 8:20 PM UTC

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