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What about Ireland people on split contacts?
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Rising Star
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Is ARKK still a good ETF to invest in?
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Is 13% maxing out your 401k to $19500? Are you maxing out an IRA? Is the 30% in cash? I would me maxing those retirement accounts first before anything else, assuming you have an emergency fund and aren't saving for an big purchase
50k emergency fund on only 100k salary is high. Rule of thumb is 3-6 months of expenses. Consider diverting that to retirement
You qualify for a roth ira. You should create an account and deposit 6k/ year into the roth ira.
It’s probably Roth. Fidelity wants you to put money into them. They won’t hide that even if you make too much money. You bear responsibility to know what’s right for your situation. If you make too much, you could do a backdoor.
What’s your interest rate with Chase? They give me like 0.01% with my savings so I have my emergency fund stored in HMBradley where I get 3%.
Rising Star
When Fidelity is saying Roth is available, they almost certainly mean Roth 401(k). Meaning that of the amount that you are contributing, you can put all in traditional (what you’re doing now), all in Roth, or any combination thereof.
If you want a Roth IRA, you have to do that separately from your 401(k). They are totally unrelated.
I generally steer clear of giving advice, so I’ll just ask - is there a reason you’re not using a Roth IRA? To illustrate the benefit, instead of earning you less than a cup of coffee per month in interest, some big chunk of your cash savings could have been in a diversified portfolio of funds/ETFs and growing tax-free.
Your cash reserves are way higher than I would feel necessary for me. Is there a reason you’re holding so much?