We make a sizable salary and the benefits while not physician benefit packages are still nice at least in my location. Where do you put your extra income besides bills and the obvious past tuition loans that made you a nurse?
Do you invest? Where? How did you choose?
I put 5% in an employer based Roth IRA and 1% in traditional 401k for 6% employer match. I was told to put more in Roth for now until I start seeing a need for the tax benefits of 401k which would be at a time when I am filing jointly with someone. But I'd thought I see what 1% does in that category for now.
But more importantly and towards the purpose of my question, where else do you invest? Money market? CD's? Mutual funds? ETF's?
I made over a 3rd of my annual salary in overtime and extra shift incentives. I checked my tax liability and risk and I won't be paying taxes. In fact I will still see a return. I'm young and would like to continue this trend for now. I'm interested to see what other members do.
