I'm 18 years old, and my girlfriend and I are wanting to save for a house and become financially stable enough in the future to start a family and fund hobbies and activities. Im seeking advice on where to be putting my money with like a 90/10 on safe to risky, but I'm not sure. I've been at my new job now for 9 months working blue collar. I'm getting my license and going to join union after doing so. I've read up a little bit on the financial side about the pension vs my current 401k plan. My current plan has me putting in 10% of my check and they match the 10%. 5% into 401k, and 5% into Roth 401k. I'm not really sure what type of accounts I should open up myself and if taxes will get in the way, especially with me going to switch to a pension. If anyone is knowledgeable on that I would appreciate advice on that. With more money than I've ever had I would like to know where to start and how to grow it and myself to head towards my goals. Everything is appreciated.
u/Desperate-Tour-9921
I'm 18 years old, and my girlfriend and I are wanting to save for a house and become financially stable enough in the future to start a family and fund hobbies and activities. Im seeking advice on where to be putting my money with like a 90/10 on safe to risky, but I'm not sure. I've been at my new job now for 9 months working blue collar. I'm getting my license and going to join union after doing so. I've read up a little bit on the financial side about the pension vs my current 401k plan. My current plan has me putting in 10% of my check and they match the 10%. 5% into 401k, and 5% into Roth 401k. I'm not really sure what type of accounts I should open up myself and if taxes will get in the way, especially with me going to switch to a pension. If anyone is knowledgeable on that I would appreciate advice on that. With more money than I've ever had I would like to know where to start and how to grow it and myself to head towards my goals. Everything is appreciated.