{ "media_type": "text", "post_content": "Beginner and trying to get my finances in order. Income: $200k+. Maxed out 401k for the year. I have $60k in my savings account (just paid student debt off this year). I’ve searched the bowl… Are next steps: (a) invest (maybe $30k?) in ETFs and add to it each month, (b) open a HYS at HMBradley to hopefully get a high interest next quarter? I’m not convinced about the mega back door Roth (whether it makes sense for my situation) so putting in only a small amount there. Any thoughts? TIA!", "post_id": "614a558c7ca01b0023bd812e", "reply_count": 13, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Beginner and trying to get my finances in order. Income: $200k+. Maxed out 401k for the year. I have $60k in my savings account (just paid student debt off this year). I’ve searched the bowl… Are next steps: (a) invest (maybe $30k?) in ETFs and add to it each month, (b) open a HYS at HMBradley to hopefully get a high interest next quarter? I’m not convinced about the mega back door Roth (whether it makes sense for my situation) so putting in only a small amount there. Any thoughts? TIA!

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Keep enough cash for an emergency fund. I would do a Roth IRA and HSA if available before I put in a taxable brokerage account.

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Exactly, I should have said if married and dual income*

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How old are you and do you have other financial obligations (ie. kids)? ETFs are for people who don’t know how to finance, if that’s the case then real estate is a better place for you.

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Thanks for the insight! To start off, I may end up investing more in funds until I have more in savings and I can educate myself on the others. With 30k to play with at the moment and an elementary knowledge of all of this, maybe I’ll strive to meet those goals by end of 2022. 😊

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