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Financially literate bros, I need your advice...
| Odious Idiot | 06/02/17 |
| Henna queen of the night haunted graveyard | 06/02/17 |
| iridescent histrionic heaven place of business | 06/02/17 |
| Odious Idiot | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Henna queen of the night haunted graveyard | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| heady filthpig temple | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Black Jewess Shrine | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| Black Jewess Shrine | 06/02/17 |
| Hairraiser Dysfunction House | 06/02/17 |
| Internet-worthy Boyish Hunting Ground | 06/02/17 |
| smoky yarmulke | 06/02/17 |
| Salmon aggressive home roast beef | 06/02/17 |
| bronze station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| titillating theatre | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| hateful half-breed gas station | 06/02/17 |
| bronze station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| bronze station | 06/02/17 |
| Odious Idiot | 06/02/17 |
| titillating theatre | 06/02/17 |
| bronze station | 06/02/17 |
| titillating theatre | 06/02/17 |
| bronze station | 06/02/17 |
| Twisted cerise parlour black woman | 06/02/17 |
Poast new message in this thread
Date: June 2nd, 2017 10:25 PM Author: Odious Idiot 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 queen of the night haunted graveyard 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: iridescent histrionic heaven place of business 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: Odious Idiot 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: hateful half-breed gas station 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 queen of the night haunted graveyard 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: hateful half-breed gas station 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: hateful half-breed gas station 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: Odious Idiot 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: heady filthpig temple 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: hateful half-breed gas station (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: Black Jewess Shrine (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: hateful half-breed gas station (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: Odious Idiot 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: Black Jewess Shrine (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: Hairraiser Dysfunction House 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: Internet-worthy Boyish Hunting Ground (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: smoky yarmulke 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: Salmon aggressive home roast beef (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: bronze station 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: Odious Idiot (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: hateful half-breed gas station 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: Odious Idiot (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: hateful half-breed gas station 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: Odious Idiot (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: titillating theatre 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: hateful half-breed gas station 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: Odious Idiot (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: hateful half-breed gas station 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: bronze station 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: Odious Idiot 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: bronze station 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: Odious Idiot (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: titillating theatre 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: bronze station 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: titillating theatre 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: bronze station 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: Twisted cerise parlour black woman Robinhood --> penny stocks (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460240) |