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Reply to "What should I do with my 6% raise?"
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[quote=Anonymous][quote=Anonymous]Why don't you max out your 401k contributions?[/quote] Because I can't afford to? With my employer automatically putting in 5% I've been focusing on putting some money in college savings while building back up emergency savings (which we had to zero out in order to refinance a few years ago). That's kind of the point of my question. We do not have enough money to completely max out 401k or college savings, so I'm trying to figure out how to allocate the money in my raise. I am also accounting for the fact that we can sell our condo for at least a $250k profit if we needed to (it is in a very desirable part of DC), and we'll be getting an inheritance of around $100k in the next 5 years. [/quote]
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