Long-time lurker, first-time poster. Unmarried, early-30s, DC-based federal employee, ~$125k income. Wanted to get an honest read from this community on where I stand. Here's the full picture:
Invested Assets
- 401(k): $150,000
- Roth IRA: $75,000
- Brokerage: $10,000 (individual stocks...fun money, I know)
Other
- Emergency Fund: $10,000 (low for a DC homeowner, working on it)
- Home Equity: $80,000, $244,800 left on the mortgage at 5.90 percent interest
- Student loans: $15,474.13 at 4.050 percent interest and $7,885.67 at 5.8 percent interest
I'm also a FERS employee so I have a pension on top of this, which I know doesn't show up in the net worth number but feels meaningful for retirement planning. Not sure how much weight the community gives that when evaluating overall financial health.
One thing worth noting: since buying my home, I've pulled back on 401(k) contributions. I'm no longer maxing it as I did earlier in my career, though I do capture the full employer match. I am still maxing my Roth IRA every year. Mortgage has just made it harder to do both at full tilt.
At ~$125k salary that puts me at roughly 1.9x income saved in retirement accounts, which I think is solid for early 30s but curious what this community thinks.
A few things I'm wondering about: Acknowledging that the emergency fund is lean...should I dial back Roth contributions temporarily to build cash reserves faster, or is there a smarter path? And should I just sell the individual stocks in the brokerage and move that cash to a HYSA to pad the e-fund, or keep it invested?
Happy to share more context if it helps. Thanks in advance.