Right right - of course!

You have 68k in retirement in socal by early 30s. I don't see any indication you can retire early. If you continue to invest a lot and grow you salary, I am hopeful for you. Sometimes plans are more aspirational than reality. You'll need 1-2 mil type of numbers to retire early.

> Lastly, is this a fee I’m going to have to pay every time I purchase more into VFIAX?

Yes to everything.

Buy vanguard funds at vanguard. But schwab funds at Schwab

Also read your fee schedules

If I was hired somewhere else my hours would be similar and then if it got back it would be overlapping

As you've discovered... Costs you $75 each time you buy it.

I have been there. Don't make the mistake of expecting a bonus in order to afford the mortgage. Use your bonus to help with the down payment. But make sure you can afford to live there if you receive no bonus.

The question posed in the title is:

>Is it an issue to keep investing in VTSAX each year?

The answer to that is "no".

Then in the body of the post they ask:

>Is it smart to just continue investing my yearly Roth IRA contribution into VTSAX every year for the foreseeable future?

The answer to that is "yes".

Ohhh oh oh, ok makes sense. Wild, I figured animal clinics were usually pretty busy and in need of ppl since 2020. SOOOO putting out good vibes that you get extra work!

What’s wrong with Vanguards version?

You’re fine. Your loan is not crazy nor is impacting your financial status. 400/mo is not unreasonable. Relax and enjoy your car.

0% sounds pretty good to me!

Yes, a HELOC or HELOAN would be the way to go. Don't touch the first!

You should be buying either any brand of ETFs or Charles Schwab specific brand of mutual funds.

Schwab's SP500 fund is SWPPX.

Personally, I use total market funds, but that's besides the point.

I worked more in January but only 4 times in the whole month of febuary. I asked and they said next week is looking the same with slowness. My worry about getting a second job is if this one finally does pick up I won't be able to keep both because im also a student.

There’s only one question mark.

Should I instead just up my 401k contribution instead of the 50/wk into the index fund?

I guess if those are the options I'd rather do retirement over a house, so that would be upping my 401k contribution by 700/mo? (50/wk from index fund -> 401k and 500/mo from house -> 401k). That would be ~17% to ~22.7%.

Thank you for the reply

Renting buys you the benefit of optionality, and time to wrap your head around what you want. No need to rush & compromise that process. Take the time to decide what is most valued by you and what is most important. The rest will fall in to place.

So a little less than double up our retirement savings?

Hello fellow BigLaw lawyer. One thing that I do want to note (and is important in people paying off that much debt quickly) is the importance of chucking your bonus and raises at it.

By the end of year three, your total comp will have risen from $235k to $307.5k (once factoring in bonuses). Between bonuses and raises, that’s another $150k in pay by the end of year three, over top of a constant $215k salary. Factoring in taxes, it’s still around $100k or almost a third of your debt load.

Amortizing the remaining $230k over 40 months (stub year + 3 years) and it’s “only” $5,750 per month instead of $10k. Again, this assumes you don’t lifestyle inflate and see diligent about paying off your loans.

But the fact of the matter is that few people have $330k in debt, even in BigLaw. Those people who pay off in 3 years probably have nearer $200k. You’re probably looking at 4+ years (Year 4 alone will give you another $155k gross over the $215k start). End of the day, you made your bed and have to lie in it because you aren’t paying those loans off elsewhere.

I’d also want to warn you to strike a balance—don’t live like a pauper to pay this off at the expense of your mental health. The money in BigLaw is real. It’s hard to get fired as a junior, so leaving is almost always a personal choice of the associate. If spending an additional $2k / month on being near your office keeps you at your firm from Year 3 to 4, that’s $130k “kept.”

100k is 20% down on 500k. A lot or a little depending on where you are. Rates aren't great right now. You'll need some extra for closing costs so you shouldn't put all of the money down. Be careful with condos because they can have big hoa dues. Ours are over $2500 every quarter.

I see. I think op just rephrased the question.

>We also have 15k in investments that were basically for retirement...I currently put in about $50 a week into an index fund.

Don't put retirement money in a taxable brokerage when you have tax-advantaged space on available.

>So total retirement per year is 27,950

You're saving ~17%, which is more than the 15% minimum but far from the 30-40-50%+ that FIRE folks save.

Your incomes are low for SoCal but being DINKs helps to offset that a bit. You have to choose between saving for retirement or a house when you're sub $100k (each) in SoCal.

Then your score for Experian vs WF is different, since Experian is FICO 8 and WF is FICO 9. But each lender algorithm is vastly different , so hard to say which CS each lenders will choose.

>i just inheritated 10100 usd have an idea opinion?

$10k isn't a lot. Follow the Prime Directive.

>I MEANT 110K SORRY LOL

Then I refer you to one more wiki to read: Windfall wiki. Particularly:

>Don't burn through your money (buying cars, living an expensive lifestyle, housing you can't afford longer-term, risky investments, gifts, etc.). Fund those things as a part of your regular income and budget, not from the windfall.

You started in January m-f but have only been there 3 times??? Damn.. did you ask them if it will pick up? Maybe start a second job...if you're working 3 days every 8 weeks

Sorry if sound ignorant