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Hmm. I’m attracted to engineers..
Anyone in MUC next Thursday thru Sunday?
Additional Posts in Personal Investment Chatter
Is ARKK still a good ETF to invest in?
Is BRK-B a buy right now?
HYSA anyone recommends?
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Bowl Leader
Can you do Roth or backdoor Roth IRA?
Really up to you, retirement accounts have great tax benefits but if you have a large expense coming up in the short or mid term may be better to keep it accessable in a brokerage.
Bowl Leader
A Roth IRA is best of both worlds, only real downside is the contribution limit.
If you nee access to the money before retirement you can pull out contributions tax and penalty free. Say you put in $6k a year and then in a few years need to raid it for a down payment it is available as an option and you just leave any earnings in the account to continue growing tax free.
https://www.schwab.com/ira/roth-ira/withdrawal-rules#:~:text=You%20can%20withdraw%20contributions%20you,had%20less%20than%20five%20years.
No, brokerage is usually the last in order of places to invest your money. Always go for tax efficient accounts first (401k, roth, hsa, mega back door, etc).
SM1 thank you this is so helpful! Definitely looking into this!