Am I doing too little or too much to build wealth for my age?
27M looking for some feedback on my finances/investing strategy.
My current Salary is $120k/year. With that salary I have been attempting to max my 401(k) and have already maxxed my Roth IRA for the year. In addition, I have also invested about $16k into a taxable brokerage this year bringing my total portfolio value to roughly 52k.
After retirement contributions, my take-home pay is roughly $2k biweekly because I’m playing catch up on 401K contributions.
My Expenses are low for Rent which is $600 (I share an apt). I have No kids, No major debt yet, and my Credit cards are paid in full monthly from my hysa, which is where I keep 20k liquid as a solid fund should an emergency arise such as layoffs.
What’s throwing me off mentally is that despite earning what I believe to be good money, my leftover monthly cash that I actually see in my savings account doesn’t feel like much because I’m investing so aggressively.
Am I actually on the right track for my age/income, or should I ease up on investing and keep more cash flow/liquidity? If I am doing something wrong such as being “too liquid” I would love advice from that aspect as well. Thank you