Savings at 29 years old
Hey y'all, thanks in advance for giving any advice, I really appreciate it!
I'm 29-years-old and currently a first year emergency medicine resident making roughly 66k per year, pre-tax. I have 400k in student loans which is currently in forbearance. That being said, I have 2k in a Roth IRA, 34k in ETFs, 5k in 401k (max for the match), and 1.2k in HYSA. Starting in a couple months, I'll have to start making payments towards my student loans of about $350 per month. Wondering where the remainder of my leftover money should go at the end of the month. It isn't much, usually around $300 per month, excluding what I've budgeted to set aside for personal spending. Should I put everything extra towards loans? Or should I contribute more to my roth or HYSA?
Happy for any general feedback as well!
Posted May 5, 2025, 2:08 AM UTC