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Reply to "Where to start with financial planning?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]First step is to move your emergency fund to a HYSA. You want at least 6 months of monthly bills saved there, maybe a bit more if you are single and have kids. The next step would be to ensure you are putting as much as possible into retirement. Hit the annual limits for your 401(k) and Roth IRA. If you still have money left after that, put $4k (at least) for each kid into a 529. It does depend on their ages and how much money you have etc if you want to do more than that. Last, any chunk leftover, put into a brokerage account with Fidelity (or similar). [/quote] Thank you! Am doing it all…except for the last bit…[/quote] If it's scarry to put it in a brokerage account, you could dollar cost average over the next year or two. I did that once with a lump to ease my anxiety. [/quote] That's a great idea...what is the most aggressive investment that I make without getting stocks (fed employee here)[/quote]
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