Alright, so I'm 40. Up until a few months ago I was living check to check, and while I have had a 401(k) at work, I've barely contributed. Things changed. I'm now debt free, got emergency funds and then some sitting in a couple different money market accounts with a 1.5% rate. I've also ramped up my 401(k) to the max $18,500 yearly and the employer match is good. Right now, it's all traditional. Beyond that, I honestly have no idea what I'm doing. So I dumped $5,500 into a Vanguard Roth IRA Brokerage account, since that's the max I can do (or is it?)
So now what? I'm not real sure where to allocate it, since they have so many funds to choose from. It's currently just sitting there in a money market fund. Some of these are 10k minimum, like the larger index funds. Where am I allowed to play? Again.. I really don't know what I'm doing here. I just know I'd like to retire before I die and not be a hobbit. Advice for the noob?
Submitted March 06, 2018 at 10:40PM by MedullaOblongata77 http://ift.tt/2FkUuBx
