Hello all and Happy Holidays. I have a request for some input/guidance on some financial moves id like to make in 2022.
Facts:
47M. Make ~$200K in a secure field in a medium COL area of the US. I also have a military 'retirement" that is currently paying out at about $38K per year and grows 2-3% per year to match with inflation. I consider this part of my retirement as it equals about 1/1.5 mil in payout in my retirement years. Im single, with no kids. I rent at the moment and own my car outright. Im living on about 45% of my monthly income.
I currently max out my 401K and my Roth is maxed out in January every year. However, I only have maybe 200K in my 401K as it sits.
OK here's the question now:
I relocated jobs last March and sold my house as part of it. In the new location, I decided to rent due to the housing market and uncertainty with the area. So, over that time I collected a bit of a nest egg for when I decided to buy the following year (now ish). Since then though, it looks like Im not going to buy at all which leads me to sitting on $100K cash that I feel should be working for me somewhere. Having this cash available gives me anxiety and I tend to obsess over it not going below a certain threshold. I believe I want to put it in the market so that I can relax (like I do with my 401k/Roth investments).
What would you do with it, in the current market? Put it in a few ETFs? Spread it across some individual stocks? Just keep in cash? Buy property somewhere else? Just spend it on toys for me? I really want to get to the point where I can feel comfortable spending money for me now that Im at a good career point. I struggle with that now.
Side note: I have a separate funded emergency fund and have nothing else tax advantaged that I can use.
Thanks everyone.
Submitted December 24, 2021 at 08:26AM by YupJustanotherJames https://ift.tt/3JgzYDy
