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Financially literate bros, I need your advice...
| domesticated jewess | 06/02/17 |
| henna passionate laser beams | 06/02/17 |
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| domesticated jewess | 06/02/17 |
| Stubborn site | 06/02/17 |
| henna passionate laser beams | 06/02/17 |
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| domesticated jewess | 06/02/17 |
| Infuriating base | 06/02/17 |
| Stubborn site | 06/02/17 |
| slate soul-stirring wrinkle orchestra pit | 06/02/17 |
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| domesticated jewess | 06/02/17 |
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| exciting carmine trailer park degenerate | 06/02/17 |
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| domesticated jewess | 06/02/17 |
| Stubborn site | 06/02/17 |
| domesticated jewess | 06/02/17 |
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| domesticated jewess | 06/02/17 |
| Fragrant honey-headed chapel | 06/02/17 |
| Stubborn site | 06/02/17 |
| domesticated jewess | 06/02/17 |
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| concupiscible cumskin home | 06/02/17 |
| domesticated jewess | 06/02/17 |
| concupiscible cumskin home | 06/02/17 |
| domesticated jewess | 06/02/17 |
| Fragrant honey-headed chapel | 06/02/17 |
| concupiscible cumskin home | 06/02/17 |
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Poast new message in this thread
Date: June 2nd, 2017 10:25 PM Author: domesticated jewess I've been a poor all of my life, so I have no idea what to do with money. I'm about to pass over a hump in my debt repayment where I'll be able to put away about $2k/month on my current salary (and hopefully more as salary increases) with the eventual hope of buying a home 5-10 years down the road. What should I do with that money in the meantime? Seems like a waste to have $25k sitting in a checking account in a year. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460102) |
Date: June 2nd, 2017 10:26 PM Author: henna passionate laser beams Get six months of expenses in a money market account. Then put the rest in a vanguard index fund. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460105) |
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Date: June 2nd, 2017 10:26 PM Author: Lime coffee pot whorehouse exactly (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460108) |
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Date: June 2nd, 2017 10:27 PM Author: domesticated jewess Do I need a financial advisor or something to figure out which fund? I browsed vanguard's site a while back and felt overwhelmed by the number of options. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460116) |
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Date: June 2nd, 2017 10:28 PM Author: Stubborn site just cop an admiral fund and you're good. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460124) |
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Date: June 2nd, 2017 10:29 PM Author: henna passionate laser beams No. Here, I'll do it for you: Just buy VTSAX. All done. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460133) |
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Date: June 2nd, 2017 10:33 PM Author: Stubborn site Thats the one (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460169) |
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Date: June 2nd, 2017 10:35 PM Author: Stubborn site just converted a roth from VTSM to VTSAX now that it's appreciated over the $10k threshold. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460181) |
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Date: June 2nd, 2017 10:35 PM Author: domesticated jewess tyty. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460187) |
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Date: June 2nd, 2017 11:47 PM Author: Infuriating base VSGAX here. sup. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460686) |
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Date: June 2nd, 2017 10:28 PM Author: Stubborn site (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460120) |
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Date: June 2nd, 2017 10:27 PM Author: slate soul-stirring wrinkle orchestra pit (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460114) |
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Date: June 2nd, 2017 10:28 PM Author: Stubborn site (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460127) |
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Date: June 2nd, 2017 10:30 PM Author: domesticated jewess Definitely afraid of this. I live a pretty simple life, but I think my semi-shrew gf might pose a risk. I can see travel and Sunday brunches becoming more frequent once the savings pass a certain point. :/ (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460141) |
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Date: June 2nd, 2017 10:31 PM Author: slate soul-stirring wrinkle orchestra pit (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460150) |
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Date: June 2nd, 2017 11:34 PM Author: Pearl Galvanic Church Can confirm (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460604) |
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Date: June 2nd, 2017 10:35 PM Author: Olive mind-boggling famous landscape painting (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460184) |
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Date: June 2nd, 2017 10:29 PM Author: exciting carmine trailer park degenerate Honestly? Spend a few K on crypto. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460138) |
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Date: June 2nd, 2017 11:23 PM Author: Avocado institution ladyboy (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460552) |
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Date: June 2nd, 2017 10:32 PM Author: concupiscible cumskin home Need more info to make a better judgment call.
Age? Current salary? 401(k) options at work? How much do you need for a downpayment? Is 5-10 years really how far out you'll need? |
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Date: June 2nd, 2017 10:35 PM Author: domesticated jewess (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460182) |
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Date: June 2nd, 2017 10:36 PM Author: Stubborn site which gov agency do you work for in Phoenix? (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460202) |
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Date: June 2nd, 2017 10:41 PM Author: domesticated jewess (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460239) |
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Date: June 2nd, 2017 10:42 PM Author: Stubborn site I may be joining you (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460251) |
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Date: June 2nd, 2017 10:43 PM Author: domesticated jewess (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460267) |
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Date: June 2nd, 2017 10:55 PM Author: Fragrant honey-headed chapel TRUMP IS GUNNA CUT ARE BENEFITS (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460352) |
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Date: June 2nd, 2017 11:19 PM Author: Stubborn site OFS (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460528) |
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Date: June 2nd, 2017 11:22 PM Author: domesticated jewess (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460544) |
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Date: June 2nd, 2017 11:34 PM Author: Stubborn site background (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460602) |
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Date: June 2nd, 2017 10:51 PM Author: concupiscible cumskin home If you're really looking at 5-10 years to purchase the home, I would work on maxing out 401(k) and saving for the home at the same time.
IF your salary is going to increase in the coming years, you'll be able to accelerate your down payment savings as you get closer to the goal of buying. You can't ever really "make up" losing the tax deferred space of a 401(k).
In the meantime, I wouldn't recommend you put the down payment $$ 100% into the stock market. Use safer investments than that, or use a mix of bond/stock index funds that helps lower the risk of market corrections. For this, 40% stock / 60% bond is a reasonable mix of investments. |
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Date: June 2nd, 2017 10:52 PM Author: domesticated jewess Max out meaning the full $18k a year? (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460325) |
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Date: June 2nd, 2017 10:55 PM Author: concupiscible cumskin home Yes. At your tax rate, solidly in the 25% bracket, you won't feel the pain quite as much (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460353) |
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Date: June 2nd, 2017 11:15 PM Author: domesticated jewess (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460494) |
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Date: June 2nd, 2017 10:57 PM Author: Fragrant honey-headed chapel Do this plus max out a roth ($5500) before considering a post tax fund (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460362) |
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Date: June 2nd, 2017 10:57 PM Author: concupiscible cumskin home cr. Although if he's only able to save 2K/month, a roth IRA might be too much right now if he's also trying to save for a home. Roth IRA should come later after his salary increases. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460370) |
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Date: June 2nd, 2017 10:59 PM Author: Fragrant honey-headed chapel He should still do a roth before a post tax fund because he can withdraw some of it penalty free for a down payment plus I believe he could withdraw his contributions penalty free at any time (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460383) |
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Date: June 2nd, 2017 11:30 PM Author: concupiscible cumskin home fair, that's a good point. Have to wait 5 years to withdraw contributions though, so timing is critical. (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460584) |
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Date: June 2nd, 2017 10:41 PM Author: alcoholic crackhouse pisswyrm Robinhood --> penny stocks (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460240) |