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Financially literate bros, I need your advice...
| onyx patrolman | 06/02/17 |
| yellow degenerate | 06/02/17 |
| effete turquoise library | 06/02/17 |
| onyx patrolman | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| yellow degenerate | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| onyx patrolman | 06/02/17 |
| bonkers nighttime headpube digit ratio | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| Rose racy chapel | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| onyx patrolman | 06/02/17 |
| Rose racy chapel | 06/02/17 |
| Ruddy apoplectic death wish | 06/02/17 |
| purple rebellious filthpig | 06/02/17 |
| fluffy glittery personal credit line knife | 06/02/17 |
| Hyperventilating beady-eyed station national security agency | 06/02/17 |
| Emerald exciting pisswyrm space | 06/02/17 |
| onyx patrolman | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| onyx patrolman | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| onyx patrolman | 06/02/17 |
| bat shit crazy mauve preventive strike parlor | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| onyx patrolman | 06/02/17 |
| histrionic factory reset button gas station | 06/02/17 |
| Emerald exciting pisswyrm space | 06/02/17 |
| onyx patrolman | 06/02/17 |
| Emerald exciting pisswyrm space | 06/02/17 |
| onyx patrolman | 06/02/17 |
| bat shit crazy mauve preventive strike parlor | 06/02/17 |
| Emerald exciting pisswyrm space | 06/02/17 |
| bat shit crazy mauve preventive strike parlor | 06/02/17 |
| Emerald exciting pisswyrm space | 06/02/17 |
| Free-loading boltzmann | 06/02/17 |
Poast new message in this thread
Date: June 2nd, 2017 10:25 PM Author: onyx patrolman 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: yellow degenerate 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: effete turquoise library 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: onyx patrolman 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: histrionic factory reset button 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: yellow degenerate 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: histrionic factory reset button 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: histrionic factory reset button 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: onyx patrolman 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: bonkers nighttime headpube digit ratio 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: histrionic factory reset button 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: Rose racy chapel (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: histrionic factory reset button 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: onyx patrolman 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: Rose racy chapel (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: Ruddy apoplectic death wish 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: purple rebellious filthpig (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: fluffy glittery personal credit line knife 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: Hyperventilating beady-eyed station national security agency (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: Emerald exciting pisswyrm space 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: onyx patrolman (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: histrionic factory reset button 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: onyx patrolman (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: histrionic factory reset button 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: onyx patrolman (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: bat shit crazy mauve preventive strike parlor 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: histrionic factory reset button 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: onyx patrolman (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: histrionic factory reset button 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: Emerald exciting pisswyrm space 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: onyx patrolman 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: Emerald exciting pisswyrm space 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: onyx patrolman (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: bat shit crazy mauve preventive strike parlor 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: Emerald exciting pisswyrm space 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: bat shit crazy mauve preventive strike parlor 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: Emerald exciting pisswyrm space 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: Free-loading boltzmann Robinhood --> penny stocks (http://www.autoadmit.com/thread.php?thread_id=3634744&forum_id=2#33460240) |