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I am a 29-year old living in New Jersey. Currently annual salary is $155,000. I currently have $60,000 saved up for a potential down payment. $32,000 in my IRA, $75,000 in my stock brokerage (inc 401K and HSA).
Planning on marrying in 2026, so I would like to reserve at least $20,000 on wedding expenses and honeymoon.
I also want to purchase a town home condo sometime in mid-2025 (fingers crossed that mortgage rates start plummeting, if Fed continues on aggressive rate hikes).
How much is a good amount for a down payment? Is $60,000 (potentially more next year), a good starting amount? Am I doing relative okay financially?
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