<prompt> Human: Hi pf!Im graduating college in 2 months and will be taking home 90kyr after taxes Edit: This total compensation, including stocks, and in California. Fortunately, I can pay off my student loans with my signing bonus and prior internship savings, so I will graduate with no debt and a small emergency fund. My anticipated annual expenses are: 24k rent high cost of living area 12k foodliving expenses hopefully less, but lets be conservative for the sake of discussion 5.5k Roth IRA 8k 401k for maximum employer match less than 8k since 401k contributions are tax-deferred, right? 10k FamilyI come from a low income family and would like to give some of my income back to my parents. I would like to spend up to 10kyear on this - either for rent or family vacations since my family rarely take vacations. Is it financially irresponsible to allocate so much money for vacations?This will leave me with 30.5kyr, and hopefully a bit more if I can reduce my rent and living expenses. What should I do with the remainder of my income? Two things that come to mind are contributing up to 18k to my 401k or starting a taxable account on Vanguard, but Im very open to hearing your suggestions.Thanks in advance!  <response>: Adjust your federal withholding correctly to avoid surprises next tax season huge refund or huge balance due.Use the Withholding Calculator at IRS.gov. After you get a few pay periods in at your new jobs, grab your paystubs and your 2015 federal tax return and have at it., Revisit the calculator later in the year to make sure youre on target. 