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Financially literate bros, I need your advice...
| green galvanic church building | 06/02/17 |
| fishy bespoke resort | 06/02/17 |
| Twinkling Exciting Menage | 06/02/17 |
| green galvanic church building | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| fishy bespoke resort | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| green galvanic church building | 06/02/17 |
| Drab State Marketing Idea | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| irradiated box office | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| green galvanic church building | 06/02/17 |
| irradiated box office | 06/02/17 |
| sapphire pocket flask mediation | 06/02/17 |
| ruddy demanding friendly grandma gas station | 06/02/17 |
| Cerebral principal's office kitty cat | 06/02/17 |
| Appetizing Personal Credit Line Becky | 06/02/17 |
| honey-headed curious antidepressant drug gaping | 06/02/17 |
| green galvanic church building | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| green galvanic church building | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| green galvanic church building | 06/02/17 |
| Lemon mentally impaired point | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| green galvanic church building | 06/02/17 |
| zippy trust fund digit ratio | 06/02/17 |
| honey-headed curious antidepressant drug gaping | 06/02/17 |
| green galvanic church building | 06/02/17 |
| honey-headed curious antidepressant drug gaping | 06/02/17 |
| green galvanic church building | 06/02/17 |
| Lemon mentally impaired point | 06/02/17 |
| honey-headed curious antidepressant drug gaping | 06/02/17 |
| Lemon mentally impaired point | 06/02/17 |
| honey-headed curious antidepressant drug gaping | 06/02/17 |
| diverse embarrassed to the bone selfie | 06/02/17 |
Poast new message in this thread
Date: June 2nd, 2017 10:25 PM Author: green galvanic church building 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: fishy bespoke resort 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: Twinkling Exciting Menage 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: green galvanic church building 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: zippy trust fund digit ratio 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: fishy bespoke resort 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: zippy trust fund digit ratio 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: zippy trust fund digit ratio 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: green galvanic church building 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: Drab State Marketing Idea 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: zippy trust fund digit ratio (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: irradiated box office (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: zippy trust fund digit ratio (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: green galvanic church building 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: irradiated box office (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: sapphire pocket flask mediation 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: ruddy demanding friendly grandma gas station (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: Cerebral principal's office kitty cat 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: Appetizing Personal Credit Line Becky (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: honey-headed curious antidepressant drug gaping 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: green galvanic church building (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: zippy trust fund digit ratio 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: green galvanic church building (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: zippy trust fund digit ratio 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: green galvanic church building (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: Lemon mentally impaired point 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: zippy trust fund digit ratio 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: green galvanic church building (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: zippy trust fund digit ratio 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: honey-headed curious antidepressant drug gaping 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: green galvanic church building 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: honey-headed curious antidepressant drug gaping 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: green galvanic church building (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: Lemon mentally impaired point 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: honey-headed curious antidepressant drug gaping 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: Lemon mentally impaired point 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: honey-headed curious antidepressant drug gaping 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: diverse embarrassed to the bone selfie Robinhood --> penny stocks (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460240) |