I have 25k in my Roth IRA at 19 years old. I’ll be 20 in 8 months. My plan is to become an airline pilot and I’m working on my pilot ratings right now. I also run a window cleaning business and do Uber Eats on the side. I will continue to max out my account every year as much as possible. I’ll also be getting my 4 year bachelor degree in business next year, just completed my junior year. Do you guys have any tips I know that I will love my job. I want to set myself up for wealth someday.
25k in my Roth IRA at 19
byu/AccidentNext1175 inpersonalfinance
Posted by AccidentNext1175
2 Comments
Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics.
You are way ahead compared to vast majority of 19 yr Olds. Guessing you are living with your family. When you start living on your own, keep 6 months of living expenses in HYSA. invest in 401k from employer to get match, then max out Roth IRA. If you have more $ left max out 401k. Invest in low cost broad market stock index funds.