dimanche 20 décembre 2015

Finances in Your First Year Out of Training

Already have an emergency fund thanks to my wonderful family.

What I'm doing this year, financially:
1. Contributing 6% with a 6% match to 401k
2. Getting a Roth IRA through Vanguard. In 2 days, I'll have enough to open one (3k), then I'll contribute $200 each pay to it.
3. Continue to accumulate blue chip stock with dividends (I have about 10k total in Altria, BP, and GE)
4. Save for a down payment on a house for when I move for my PGY-2 year.
5. Pay off at least half of my undergrad loans (total amount I'll pay into that this year is slightly over 5k)

Also, someone made a comment about buying a house with funds earned the first year out of residency. While I'm not planning on doing this, exactly, I'm planning on making huge chunks of payment towards a house wherever I end up. I don't like debt.

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Finances in Your First Year Out of Training

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