As a new second year analyst, currently aiming for $43,000 net earnings by end of 2019, inclusive of a stub bonus of $20k (after-tax ~$11k; full first-year bonus hits in March 2020 and assuming I’m mid-bottom bucket (definitely not), would be ~$40k pre-tax) but not taking into account 401k or investment account to be conservative. Started work in July 2018.
Few other points. I am very very very lucky to have parents that helped me pay for college, so I luckily have no student debt. Also had a good amount to start my career with. The $43,000 target is additive to that starting point, as I honestly don't want to use that money at all. My investment account is also separate, as my parents gave me the amount to start investing during college, I plan on saving all of that for my parents medical bills in the future.
Does this seem like a reasonable amount to y’all? I get conflicting answers all across the spectrum on this forum.
Good goal, assuming you’re not in NYC as lower COL guys might’ve saved up more from lower rent and taxes.
Suggest looking into company’s retirement match or any of that and taking advantage of it.
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