Idk if this is the right forum, but has anyone used a financial advisor before to invest with their savings and 401k? (Continued in comments)

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You only need an advisor if you are unable or unwilling to do a bit of basic research. They add a layer of expense that is generally unnecessary IMO.

That being said, doing nothing with your money is riskier than making a few simple calculated decisions. Putting your cash savings in a HYSA isn't going to make you rich but it will help keep up with inflation on the amount you aren't comfortable investing. For your 401k plan I hope it defaulted to an index fund or target date fund. If it is sitting in cash/equivalents your money is not working for you it is just sitting there.

If you aren't comfortable with going to Financial Peace University try reading his book total money makeover. You can skip past the debt chapters if you are already past those steps.

Also, I will teach you to be rich by Ramit Sethi is a good quick read. He talks about automating your finances to remove some of the psychological barriers to saving and has lots of simple but powerful observations.

If you prefer YouTube videos/podcasts browse The Money Guy they have some short videos and some hour-long videos with lots of great practical advice for young professionals.

Biggest thing is to pay your future self first and let your army of dollar bills work for you.

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I would recommend against it. Just determine your asset allocation (bonds vs stocks) and buy it using low cost, tax efficient index funds. Then never touch it. www.bogleheads.org

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I took financial peace university with Dave Ramsey and it gave me the education i needed to make better choices about savings and 401k.

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Over the years, I haven’t done much with my savings (just left it in my savings account) and 401k contribution (just left it matching my employer match amount). Wondering if it’s worth investing with a financial advisor despite my tendency to be risk averse.

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If you’re risk adverse you could just do a high yield savings account. I use ally and I think my interest rate is over 2% which definitely adds up!

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We haven’t but the best decision we ever made was take our savings out of the bank and put it into a free savings account (WROS) through Fidelity. We make a couple hundred in interest every month versus pennies in a bank. So even sitting there (when waiting to invest) it’s at least making more money. That’s at least one thing I would do while you’re figuring everything out. It also makes it easy to start investing if you go that route.

Really?? I need to look into this

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Who else is constantly given briefs with influencers baked in as a key component of the solution?

Best place to get pre-qualified for a mortgage?

I have some collections on my credit report. One from an electric company for $800 (imo they violated terms of contract and sent me to collections in spite of their fuck up), and an apartment for $80~ that charged me a cleaning fee when my apartment was spotless.

Despite these two collections have a 712-720 credit score.

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(cont)

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If I’m selling stock to make the down payment for my primary residence house, is there any way I can limit or avoid some capital gain tax?

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Exp - 7+
Tech stack - Java fullstack Developer

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