I'm 29 and have been maxing out my Roth IRA since 2022 including this year which, in hindsight, might have been a bad idea putting in a lump sum of $7k for 2024 knowing I have a big expense coming up, such as a wedding.
To add, I work full-time making a little over $75k/year, so a consistent income is coming in. I also contribute to my 401k w/ employer match. Total net worth including my Roth IRA, emergency fund, and 401k is around $70k.
Growing up, I was always told to keep as little cash as possible and to invest the rest. Therefore, barely leaving me with any "liquid cash" to handle finances with the wedding. However, I have an emergency fund of $30k in a HYSA I keep as an emergency fund. But this wedding is having me dig into my emergency fund a little, making me feel extremely guilty.
I guess this is a lesson learned to stop being so aggressive with my investments, but I only did that so I don't have to worry about retirement when the time comes. Any advice?
original posted by permaban888 to r/personalfinance on Sun, 17 Mar 2024 11:28:51 GMT.