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How much would you give to this child 😏😉😊
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Hello! I recently applied for a Travel Procurement Senior Manager role at PwC (role is in NYC and I’m not NYC-based but I believe certain roles can be primarily remote). I have 5+ years of experience in this field and the description/company culture seem like a perfect match to what I’m looking for. Are there any fish from PwC and/or their talent acquisition team that can provide a reference post-submission and insight on the hiring process? Thanks!!
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Any good ETFs to invest Roth into?
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Sounds overkill. Your HYSA is probably only making 3.5% or so. S&P 500 was up 16% this year.
I’d put $30k to $60k into a brokerage. The variable depends on how high your HSA is (which could be used for child birth) and how aggressive you’re willing to be with your savings knowing that you could make $60k stretch for ~10 to 12 months in the event of a job loss (since you’d likely be eligible for unemployment assuming you aren’t fired for cause)
There's not enough information provided to give a complete answer. That being said, how much are you investing each month? Based upon your expenses, it seems that you have your emergency funds adequately put aside. I would redirect future funds that you were putting into those various emergency fund type accounts towards your investment portfolio.
Don’t waste the only triple tax advantaged vehicle on newborn expenses if you can avoid
$40k for baby is way too much.
As someone who had a baby this year, we probably spent max $6k. This included the birth, clothes, and fully furnishing the nursery. Add another ~$1k for food and diapers for the year.
I find it odd you’re so hung up on this. I spelled out my logic and wrote “presumably” (which I contend was a fair presumption). In any case, your comment claiming that the article estimates neonatal care at up to $50,000 was factually wrong and very misleading to the OP. But feel free to continue to nitpick me.
40K for baby as in hospital expenses or 529K for college fund ?
Hospital expenses, offset some of the losses from spouse not working, diapers, all the baby stuff, etc. not 529
Age? And is this combined for your household?
30. And combined
That feels excessive in a HYSA with that type of monthly expense. I’d save $50-60k near liquid and the rest invested in your case.
Rising Star
Yes
Rising Star
No.
Sounds similar to where I was sitting. Lost my job a year ago (1HI) and our emergency fund (similar amounts) has lasted about 1 year. So keep unemployment in mind too with your emergency fund.
Chief
This sounds like plenty to me, unless you have some special circumstance.
Maybe consider using a money market fund instead of HYSA to ensure consistent market yield.
This is overkill. The chances of you losing your job (and not finding another one for 10-12 months) and needing to spend $40k on house repairs in the same year is very unlikely. Not sure what the $40k for firstborn baby is? You will have significant childcare expenses with a baby (assuming both you and your partner work) but those should come out of monthly cash flow, not savings. You’ll have to buy some baby gear but that doesn’t have to be that expensive if you do it right.