What sort of financial planning do you all do? I'm no longer eligible to contribute to a Roth IRA and not sure what to do next. Is using Tim advisor from like Charles Schwab or Vanguard fine or should I go the independent route? No idea how this works.

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I think fiduciary advisors are worth it a lot of the time, depending on the circumstances. Sure, there are fees, but you're working with a person for whom this is the job. I spend too much time working to do both my job and that job at the same time.

likesmart

You can still do backdoor Roth conversions. A1 is right and you’d pay a financial advisor to tell you to do what A1 just said

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I just wanted a simple set-up without paying a financial advisor.

While in lower tax bracket: Max out 401(k) (and convert to Roth), 6mo emergency savings in HYSA, max out IRA (backdoor Roth conversion), Student loan (income driven payments), everything else after expenses goes to a brokerage account invested in a target date fund.

Once in higher bracket: Max out 401(k), max out IRA, max out HSA/FSA, keep emergency savings topped up, loans (start paying down principals with interest over 4.5% in addition to income driven payments), everything else in same brokerage account. May think about CDs or bonds for shorter-than-retirement goals, like for a house/car/trip.

smart

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