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Alright, without sounding like too much of a newbie, here I go.

Just turned 30 and looking for advice on how to safely (yet wisely) begin building my retirement.


- Approximately $100,000 (maybe more) equity in a home
- Approximately $4,000 in my brand new 401K
- Approximately $10,000 in savings
- Auto worth about $3,000 (this week)


- Approximately $220,000 on mortgage
- Approximately $12,000 on an auto loan
- Approximately $12,000 in student loans

My annual retirement elections and such are coming up now and I need to make some decisions on what to put where.

I don't have retirement goals yet. This may sound odd to some, but it seems like I would be the first in my family (history) to even have a retirement. My parents both work still and have no savings or retirement. So I am truly novice regarding this stuff.

Right now I am contributing about $500 per month to the 401k, and it's split up across several Fidelity funds, ones that seemed to do well over the short term and long term (in my very limited and inexperienced financial view).

I understand the basics of an IRA, and the basics of a 401K, but not sure which is the best for me, or if I should do a little of each, etc.

The 401k max this year is 14K, and I think I might be able to reach that but it would stretch me very thin.

I know it's wise to put as much away as possible for the future, but its also tough to spend the meat of your life (between 30 and 50) without any spending money at all because you're saving it all for the rainy day at 65+.

Thanks in advance for any suggestions.
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