No. of Recommendations: 1
Right now, being young and on the short end of your potential income path, a Roth is a good instrument to consider as your tax burden is probably low compated to a few years from now. Yet the 401K can not be ignored. At the very least, contribute at least 2% to your 401k to get full matching. Figure out how much you need to set aside to fund your Roth ($250/mo for $3000), and put the rest back into your 401k.

One other note. In addition to your engagement ring (congrats!), make sure you are saving for an eFund (3-6 months living expenses) and other expenses you will need as a young family.

Who vaguely remembers being 22 over a millenium ago...
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