I’m 38 and an immigrant to the US. I didn’t start earning or even have a retirement fund until I was ~35.
I make around 300k pre tax in a VHCOL area.
I’ve been somewhat irresponsible with money my whole life, despite being academically and professionally successful and my savings are actually kind of pitiful. I do own a condo though.
I have around 80k in 401k from my previous and current employers.
I know I’m kind of late to the party here but what’s driven me to explore this further is that I may probably never settle down with anybody…I honestly have no real interest in investing, so I want to at least “make my money work for me” in the laziest but higherst yielding way possible:
I’ve heard about:
- HYSA
- Roth IRA
- ETF’s
I’m kind of inclined to do Roth and High yield savings mainly because of my lack of knowledge/care about the stock market.
Does anybody see any obvious flaws if I just start dumping around 1k into the HYSA month? I would probably put around 10k into the HYSA to begin with.
Submitted November 03, 2024 at 10:54PM by l0g0550g0l https://ift.tt/xchbkA9
