Where to Invest Next for Retirement? Hi all, My husband and are both 39 and working corporate jobs. We want to set aside more this year to our retirement accounts as our income has increased by a good amount. We make too much to put it in a Roth IRA. Where should we put our money next? Currently we are: Maxing out one 401k Maxing out family HSA Putting in 5% company match into othe…

How would you invest if you were given cash? I just inherited $700,000 cash. I have no college education. I’m in my 20’s. I’m married with one kid. What now? submitted by /u/here_I_am_i_guess

Pay off the house or Invest? I now only have my mortgage which is a 30 year loan but my interest is only 4.99 apr I know 30 year loans are interest heavy in the beginning, so should I pay it down halfway and then invest or keep paying as usual? We can stay here as long as we need to, if we move we plan to pay in full of get a minimal amout financed from saving. Given the …

I’m 38 with nothing in retirement, I just opened an IRA how do I invest? Hi y’all like the title says, I am new and very late to the retirement game. I am paying off debt like crazy right now (25K in the last year and a half) and I have started an emergency fund, opened a high interest savings account and opened an IRA with Fidelity. I’m working three jobs at the moment and preparing to switch careers to earn more mo…

What to invest in as a 31yr with a brand new Roth account? I’ve been trying to better myself after neglecting my youth in isolation & I’ll distractions. I come from an immigrant family that is highly uneducated in financial literacy so I never got taught or set up with the right tools or mindset – Saving, investing, stocks, IRA, etc. I recently opened up my first Roth with fidelity last week but after s…

How do I save for retirement and invest my money. I’m saving through my employer (winco) and put back 10%, but beyond that I don’t know anything. I’m 20, been employed for about 5 months, I make about 1500~ a month (CA). It’s not a lot I know, I live with my ma and have about 150-250 a month left over after bills. I’m looking for another job, a second one, but this is what I’m stuck with for th…

Just invest in S&P 500? For the past decade that I’ve been working and saving with ETFs and stocks I’ve followed a relatively aggressive mix of mostly ETFs and a small amount of bonds. Most years I’ve underperformed against the S&P 500 by ~10%. Should I just go all in on a S&P 500 ETF? Feels like that just makes sense at this point. I realize it’s riskier, but seems li…

Should I put more money on my house or invest? Dave Ramsay tells me that millionaires own their home first. I have a 2.5% mortgage interest rate and I think it would be best if I invested any extra money because I will get a bigger percentage return. Please correct me if I’m wrong in thinking this. Thank you! Edit: Thank you for not correcting my misspelling of Dave Ramsey. Thank you everyo…

What is the smartest way to invest 30k for my 1yr old? I have a lump sum $30k to invest for my son. I plan on still opening a 529 outside of the 30k. I would like it to grow, and also have the option of controlling the funds in case he turns out to be irresponsible. The goal would be something he can draw funds from but also put into so that it could continue to grow and then pass it on to his kids….

I have ~$60k sitting in a money market account, where/ how do I invest it? 26m married, with a kid born at 23 gestational weeks. She is currently in the NICU and will be for some time. I have a house with a $3.4k monthly mortgage payment. Expenses are probably closer to $4.5k a month after mortgage bills, groceries, student loan pmts and gas (give or take) I have $60k sitting in a money market account at a credit union…

I want to invest my savings! Where ?! I have been putting about 250-400 into savings every month (I work in sales and very lucky I am able to do this) but my money is just sitting there and not doing anything and I want it to grow. As a first time investor, what should I be researching into and where should my money go that will be low risk? submitted by /u/Prestigious_King_…

where should i invest my money? i will invest into retirement and stocks and emergency fund, but will still have a chunk left over. Where should I invest it? it would be around 20k that I wouldn’t know what to do with, this is my first salary so i just don’t know much and would love any insight submitted by /u/Vegetable-Tap-759

How much am I supposed to invest?? 2+million in bank, want to be somewhat conservative in investments but am retired so also need to survive with that money. What percentage should I save vs invest? My financial advisor wants me to keep 90%+ in stocks, the rest in savings account. I don’t feel like he’s looking out for my best interest tho. That doesn’t sound like a safe thing. T…

Sell rental properties and invest? Long story short I own 20 apartments in several small multi family buildings in my area (Northeast) I’m a realtor and paid firefighter. I owe 3.2 million on my rentals (all at various interest rates as I’ve been buying over the last 10 years). They are worth about 7 million gross. My rental income after all expenses has reduced this year as I ha…

Is it wise to invest over 30 percent of income on a s&p 500 fund? I am a young person, age 20, and the idea of early retirement and compound money growth has taken over my brain recently. The fact that statistically speaking I could be financially safe in the next 15 years and very well off in 20 years is such a nice thought. However, my paycheck is not impressive whatsoever, earning consistently 22 bucks an h…

Pay off undergrad debt or invest? Hello! I’m currently married in my early 20s and in my senior year of undergrad getting ready to apply to medical school. Quick run down: We have about $2k leftover per month to go towards our financial future/goals. Our emergency fund in our HYSA is at about $5.5k and we want to get that to our target of $12k ASAP. We have $20k in Roth IRAs s…

Pay off car or invest in Roth IRA first? Info about me: 23 years old, just got a good new job and am starting to think about the future. I just opened a Roth IRA for the first time. Predicament: I owe $5500 on an auto loan at 6.25% interest. I can either pay off my loan or invest that money into a Roth IRA, before the April 15th deadline for 2024 contributions. I won’t be able to do b…

Not possible to invest until a tax resident? I will not be considered a tax resident until I pass the substantial presence test. Since I’m not yet a tax resident, it seems that I’m unable to register for a brokerage (ex. Vanguard). Is using a HYSA until then the best course of action? submitted by /u/vvhodis

20, College Student, Pay off loans or invest? I am a 2nd year Mechanical engineering student, who is about to come into $4,000 which is a lot of money to me. I live at home and have taken on $15,000 in loans at 6.5% interest. I make monthly payments that essentially cancel the interest. I have been so focused on paying for school (I’ve contributed $10,000 besides the loans) that I haven’t s…

Should I invest on a photo printer? So I want to print some photos out of my camera for memories but I don’t know if I should buy a photo printer or just have them printed at a shop. After some research I found those portable photo printers that seem a good investment. Are they worth it? Can you recommend me some for a fair price about $50? submitted by /u/Accurate_Wishbone…