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401(k) and Investing
Currently I have a 401k which I put 5% of my paycheck into (my company matches part of the 5%) The 401k is split between 2 mutual funds:
BARON GROWTH and H & W LG CAP VALUE I (60/40 split) Besides that I put 3% into a company stock purchase plan (get to put stock at a discount, but if I sell the stock before a year I only get back what I paid) and finally $100 per paycheck into my HSBC account.
What else should I be doing with my money? I'm currently 24 years old and I earn about $32,000/yr ... I will be getting married this summer and will be moving over to my finance insurance I was thinking of upping the amount I put into retirement after I get rid of the health insurance expense. My job just started offering a Roth IRA ... should I take the money which was going into Health Insurance and put it in an IRA? What is the advantage of an IRA over my 401k? (Sorry for all the new questions, I'm new here and trying to get my finances on track)
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