Walter White Walker
Member
Or imagine investing in one of the gazillion startups that go nowhere and dissipate in a cloud of nothing. I don't want any part of that type of risk taking, myself.
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How to Invest for Retirement
- Thread starter Piecake
- Start date
That is certainly true. However, this is high risk high reward investing though. If you are young, why not take some risk in this and help out the local economy too if you can?
Hadn't heard of it, so this is just off the cuff, but a few quick thoughts:
-VC is very high risk. You need to have a lot of diversification, because most of your bets are going to be losers. It's a few home runs and a whole lot of strikeouts.
-VCs are pretty savvy. If someone is coming to a crowdsourcing investment platform, it's probably because they couldn't get VC funding. If they couldn't get VC funding... well, they could still be good, but the odds get even longer.
-One of the advantages VCs have is that they can get themselves on the board of companies they fund, and leverage their own business acumen. This is presumably not happening here.
-I note they talk about "positive social impact," which is great in an absolute sense but likely means these are even worse financial investments than you'd expect.
On the whole, my guess is that most people using this are going to end up losing money. Stay far away, especially with money earmarked for retirement.
I'd imagine a lot of the users of platforms like this might be local people hoping to open up a restaurant or something like that. That might be fun, especially if you'd like to have that type of restaurant around. I wouldn't use it as part of my "portfolio", but maybe something like a better kick starter I guess. Maybe people could get some actually royalties or equity from funding indie games, instead of just pre-ordering a games that isn't even funded yet.
I'd echo the things Cyan has said.
I'd echo the things Cyan has said.
I see that thing as more of a fun money thing that you don't mind losing on a long-bet. I certainly wouldnt describe it as something for retirement or would put it in one of my retirement accounts. If I actually still had a fun money account, I probably would do something like that over individual stocks. Fuck individual stocks!
PflargBlarg
Member
Yeah, investing in RentMoola would be interesting for fun. I think they'll do well as every other company in their market is complete garbage.
EDIT: Also, someone stop the "d[e]r" trend in company names. I want off this train. E is still in the alphabet for the love of god.
EDIT: Also, someone stop the "d[e]r" trend in company names. I want off this train. E is still in the alphabet for the love of god.
darkazcura
Member
Anyone know how I should go about transferring a 401k from Fidelity to Vanguard? My new employer uses Vanguard, and I'm not sure how to go about it. I could just roll over the Fidelity 401k into an IRA I suppose, but I'd like everything together if possible.
I don't know, but I'll bet if you ask Vanguard they'll be more than happy to help you set that up.
All right, thanks for the help everyone.
This is where I'm currently at:
-Work 401K contribution maxed.
-Roth IRA contribution though Vanguard maxed (VTSMX). Will diversify with next year's contribution.
-Still have $4,500 to "play" with.
-Have roughly 50K in a savings account that is currently geared towards a house. There is no date for this purchase but I want to have at least 20% down if possible. It's now a combination of figuring out which side of town I want to be in, and am I willing to pay those prices. May even become a rental property instead. Just not completely sure on this one.
-On top of that, I have 7 to 10 months of emergency funds depending on how much I spend each month.
-Currently no debt of any kind. *knocks on wood*
Sat down and itemized my spending a couple months ago, and it helped that I put everything on credit cards. Really was able to see how hundreds, and some times thousands, of dollars were being spent foolishly. Still enjoyed most of it through the years but it's nice to have that extra money each month now.
Looking for ideas and recommendations as what the next steps could be. It seems starting a non-retirement account at Vanguard is one since I have my ROTH IRA there. This can allow me to split my take home each month between savings for the house and Vanguard account. Also, currently reading through the pros and cons of a HSA.
This is where I'm currently at:
-Work 401K contribution maxed.
-Roth IRA contribution though Vanguard maxed (VTSMX). Will diversify with next year's contribution.
-Still have $4,500 to "play" with.
-Have roughly 50K in a savings account that is currently geared towards a house. There is no date for this purchase but I want to have at least 20% down if possible. It's now a combination of figuring out which side of town I want to be in, and am I willing to pay those prices. May even become a rental property instead. Just not completely sure on this one.
-On top of that, I have 7 to 10 months of emergency funds depending on how much I spend each month.
-Currently no debt of any kind. *knocks on wood*
Sat down and itemized my spending a couple months ago, and it helped that I put everything on credit cards. Really was able to see how hundreds, and some times thousands, of dollars were being spent foolishly. Still enjoyed most of it through the years but it's nice to have that extra money each month now.
Looking for ideas and recommendations as what the next steps could be. It seems starting a non-retirement account at Vanguard is one since I have my ROTH IRA there. This can allow me to split my take home each month between savings for the house and Vanguard account. Also, currently reading through the pros and cons of a HSA.
Wellington
BAAAALLLINNN'
All right, thanks for the help everyone.
This is where I'm currently at:
-Work 401K contribution maxed.
-Roth IRA contribution though Vanguard maxed (VTSMX). Will diversify with next year's contribution.
-Still have $4,500 to "play" with.
-Have roughly 50K in a savings account that is currently geared towards a house. There is no date for this purchase but I want to have at least 20% down if possible. It's now a combination of figuring out which side of town I want to be in, and am I willing to pay those prices. May even become a rental property instead. Just not completely sure on this one.
-On top of that, I have 7 to 10 months of emergency funds depending on how much I spend each month.
-Currently no debt of any kind. *knocks on wood*
Sat down and itemized my spending a couple months ago, and it helped that I put everything on credit cards. Really was able to see how hundreds, and some times thousands, of dollars were being spent foolishly. Still enjoyed most of it through the years but it's nice to have that extra money each month now.
Looking for ideas and recommendations as what the next steps could be. It seems starting a non-retirement account at Vanguard is one since I have my ROTH IRA there. This can allow me to split my take home each month between savings for the house and Vanguard account. Also, currently reading through the pros and cons of a HSA.
You are pretty well on your way.
I have also been reading up on HSAs and here is what I have found to be the most helpful so far:
Article - http://www.madfientist.com/ultimate-retirement-account/
Article - http://www.madfientist.com/hsa/
Podcast - http://www.listenmoneymatters.com/advanced-ira-strategies-mad-fientist-ep-120/ (HSA talk starts with 15 minutes left in the episode)
Benefits re-enrollment comes up in November for my company, I will have to look at the HSA program here very closely.
Walter White Walker
Member
My HSA is now the first thing I fund for the year. The only two things I don't like is I've only got one reasonable fund to choose from (SWPPX at .09% fees) as everything else is .8% to well over 1% active managed crap. The other is that it won't let me invest $1000 - I have to leave that amount in cash earning like .01% currently.
When I got the debit card for it I just threw that in a drawer and treat the account as a retirement fund.
When I got the debit card for it I just threw that in a drawer and treat the account as a retirement fund.
chaosblade
Unconfirmed Member
I wanted to use an HSA for investments but I read nothing about bad things about the HSA provider (Mellon? Don't remember). Ended up not going with it. Maybe next time I'll switch over.
1) Max contributions to your IRA, though that is limited to 5.5k per year.
2) If you have a 401k at your employer, you can increase your contributions to max out on it, effectively transferring the money into the 401k (replace the increased contributions from your paychecks with the $40k on a 1:1 basis). That is capped to 18k per year.
That gets most of it into retirement. Not sure from there, unless you are looking for non-retirement investments.
The usual I guess. Pay down any high interest debt, then have an emergency fund (3 to 6 months living expenses in cash), then fill up your registered accounts (IRA, 401k etc) to your limit, and then open a taxable account for anything left. Do check if you owe any capital gains taxes on your profits from flipping the house.
As for actually investing it, I suppose open up a Vanguard account if your in the US and buy index funds, which is what most everyone here does and recommends. The basics of an index fund is that it's a collection of all of the stocks in an "index", in essence allowing you to invest in the entire "stock market" instead of picking and choosing individual companies. The benefits are that you get really broad diversification with really low management fees, sine you're not betting on a few specific stocks nor paying a fund manager to actively pick stocks and manage the fund. And we can be pretty confident that over the long run the entire stock market will do pretty well, no guarantees though.
If you're outside of the US look into ETF's. A lot of discount brokerages let you buy ETF's for free (selling will probably cost the usual commission).
BlitzEngineer
Member
So it took me a few weeks to get my Vanguard account up and running. Not sure if this happens to everyone but they had to verify my identity several different ways via mail. The rep on the phone made it sound like I had just been randomly flagged for extra verification by the government. Kind of annoying since my money was kind of just tied up in a money market account doing nothing for a few weeks since I couldn't buy any actual funds until my identity was verified. All fixed now though, so no big deal.
Just a question that popped into my head; people have been talking about Admiral shares from Vanguard having lower expenses but you have to qualify by having a certain amount invested. Is this total just including all the funds in a particular IRA or do you need to have ten thousand in a single mutual fund? So for example if I have my money in two or three ETFs and it adds up to the qualifying amount in total, can I utilize admiral shares?
I have another question not at all related to retirement, so this probably isn't the place for it but I figure most people here are financially savvy and I'm not sure where else to ask it. I had a conversation with my dad recently where he seemed sort of bewildered that I don't have any credit cards. I've always thought of credit cards being bad, seems like everyone my age overuses them to their detriment. Apparently though I sort of need one to really make any big purchases like a car? My father claimed I may not be able to even rent a car without any real credit. It's just not something I've ever thought about. Should I be looking into getting a card of some kind?
Sorry if that's too offtopic, but I just feel like none of this personal finance stuff was ever really communicated to me or anyone I know. I mentioned a few pages back that nobody my age that I talk to is even remotely aware of even what an IRA or 401k actually is. Had a conversation with a women older than me about how she had a bunch of money just sitting in her account. When I mentioned I had opened an IRA and that it seemed way smarter than keeping that sort of money in a saving's account, she just sort of scoffed like what I was doing was completely ridiculous for someone in their early-mid twenties to be worried about. Why tie up your money in investments and risk losing it all she said. Seemed to think putting any money into the stock market was a bad idea. Meanwhile she participates in her companies 401k. When I explained that money is being invested she seemed confused.
It just feels like it's dangerous to be ignorant about this stuff in this day and age and most people, especially young people, are exactly that. I know I am, although I hope slightly less from the research this thread has spurred me into.
Just a question that popped into my head; people have been talking about Admiral shares from Vanguard having lower expenses but you have to qualify by having a certain amount invested. Is this total just including all the funds in a particular IRA or do you need to have ten thousand in a single mutual fund? So for example if I have my money in two or three ETFs and it adds up to the qualifying amount in total, can I utilize admiral shares?
I have another question not at all related to retirement, so this probably isn't the place for it but I figure most people here are financially savvy and I'm not sure where else to ask it. I had a conversation with my dad recently where he seemed sort of bewildered that I don't have any credit cards. I've always thought of credit cards being bad, seems like everyone my age overuses them to their detriment. Apparently though I sort of need one to really make any big purchases like a car? My father claimed I may not be able to even rent a car without any real credit. It's just not something I've ever thought about. Should I be looking into getting a card of some kind?
Sorry if that's too offtopic, but I just feel like none of this personal finance stuff was ever really communicated to me or anyone I know. I mentioned a few pages back that nobody my age that I talk to is even remotely aware of even what an IRA or 401k actually is. Had a conversation with a women older than me about how she had a bunch of money just sitting in her account. When I mentioned I had opened an IRA and that it seemed way smarter than keeping that sort of money in a saving's account, she just sort of scoffed like what I was doing was completely ridiculous for someone in their early-mid twenties to be worried about. Why tie up your money in investments and risk losing it all she said. Seemed to think putting any money into the stock market was a bad idea. Meanwhile she participates in her companies 401k. When I explained that money is being invested she seemed confused.
It just feels like it's dangerous to be ignorant about this stuff in this day and age and most people, especially young people, are exactly that. I know I am, although I hope slightly less from the research this thread has spurred me into.
Walter White Walker
Member
Get a credit card with hopefully no annual fee, utilize it every month keeping the balance under 10% of the credit limit, and pay off the balance in full with no exceptions every month. You'll build your credit history and score while paying no fees or interest.
Randolph Freelander
Member
Vanguard's ETFs such as VTI (total stock market) already have the low expenses of the admiral mutual fund equivalent (VTSAX), but you will want to check into your specific ETFs and their mutual fund cousins to confirm. The difference, then, is that ETFs are purchased like stocks, so you have to buy whole shares, which invariably means that your round number of dollars invested isn't likely to be completely invested in the market, you'll have a few dollars unallocated. For example, the price of VTI as of a few moments ago was 109.81. If you've put $5500 into your IRA, you could buy 50 whole shares for a total of $5490.50, leaving a small difference of $9.50 unallocated. That's a small difference, but imagine instead the price of VTI moving by 20 cents to 110.01 before you bought in. In this case, you could only buy 49 shares for a total of $5390.49, leaving a difference of $109.51 on the side.
With mutual funds, you can invest all your dollars (buying partial shares, basically) and have all of your money going to work for you. The caveat there is that this is when the fund minimum comes into play -- first to buy into the fund in the first place, and then to qualify for the lower expense admiral version. This would be on a per-fund basis, not on a per-account. If you are into 3 separate funds, you would need to cover the minimums for each of the funds.
PflargBlarg
Member
Yeah, if you're not using a credit card you're basically cheating yourself out of free money and making it more difficult to get loans for anything in the future. ANY kind of rewards credit card is getting you free money when compared to using a debit card. You should take your dad's advice and get a card as soon as you can. You sound mature enough to not act like the credit available to you is free so there's not any real downsides here. If you do it properly you will never in your life end up paying interest on your card.
In regards to the other stuff, sounds like you're in good shape here. The earlier you start investing, the earlier the magic of compounding interest works for you. You're doing great but I am concerned about that woman you mention. Is she someone that you see often? Because she needs to have a look at some charts.
Look at that madness right? Susan started only 10 years earlier than Bill and invested a third of the amount that he did, and still ended up with more money. Every year that you don't invest is tens of thousands of dollars just slipping away. And none of these people are very aggressive savers. Saving only $5000/year throughout your entire career is pretty lame. If Susan doubled her savings to $10000/year she would have well over a million at 65, still with only 10 years of saving (god knows what she's doing with the rest of her career).
And this shows the minuscule amount you need to save per month the earlier that you start. Anybody with a good job should be able to save far more per month than what this chart shows which should lead to chopping a decade or more off your working years. Who doesn't get excited about that right? Hell, I'm getting excited just writing this.
Original Famous Ray
Member
Wish I had started saving at an early age. Those charts show one possibility if you start at a young age. I don't have much in savings as I started saving later in life (I'm now 38) and I'll pay the price for not doing that but I'm trying hard to "catch up". I think if I'm aggressive with my savings I can make up for time lost.
I have about 32k in my Roth IRA and 5k in my 401k (I'll be putting in roughly 6k in it this year). I have about 48k in savings and I plan on putting half of that in a taxable account at Vanguard where my IRA and 401k are at. I plan on doing that "lazy 3 fund portfolio" style account so at least what savings I have is doing something..hopefully growing.
I have about 32k in my Roth IRA and 5k in my 401k (I'll be putting in roughly 6k in it this year). I have about 48k in savings and I plan on putting half of that in a taxable account at Vanguard where my IRA and 401k are at. I plan on doing that "lazy 3 fund portfolio" style account so at least what savings I have is doing something..hopefully growing.
PflargBlarg
Member
Are you saying that you have 48k besides the 32k + 5k in the retirement accounts?
That seems like an extremely excessive amount to be holding in a bank savings account. I usually don't hold in excess of 5000 dollars. I've got a little bit more than that right now because of my wedding happening next year, but yeah, that's a lot.
That seems like an extremely excessive amount to be holding in a bank savings account. I usually don't hold in excess of 5000 dollars. I've got a little bit more than that right now because of my wedding happening next year, but yeah, that's a lot.
TangoAlphaLima
Member
Dave Ramsey recommends 3 to 6 months of expenses in a liquid account, Suze Orman recommends 8 months of expenses.
48k likely far exceeds those recommendations, but 5k is likely too low for the majority of people. It all depends on what your monthly expenses are, though.
rokkerkory
Member
I have right now about 5 months of living expenses in savings. Will have 7 months by end of year.
Rest goes towards retirement accounts and investments like 401k, stocks, etc.
I think my main retirement investment is my house however. Worst case scenario to pay it off in 15 years, best case is about 8-9 years.
Rest goes towards retirement accounts and investments like 401k, stocks, etc.
I think my main retirement investment is my house however. Worst case scenario to pay it off in 15 years, best case is about 8-9 years.
Original Famous Ray
Member
Correct. I have 48k in savings and I plan on creating a Boglehead style "3 fund portfolio" taxable account very soon with about 28k of those savings over at Vanguard. The remaining 20k will be my "emergency fund". Believe me, I know 48k is too much as its earning jack in interest.
Randolph Freelander
Member
Have you thought about jacking up your 401K contribution and draining your savings a bit? You could shift some of that 28K excess into an advantaged account. While it would restrict your fund selections (and fund availability), you would also be able to reduce your taxable income (get a bigger refund, which you can invest!) over a couple of years.
It just looks like you're not being particularly aggressive with your 401K, going by your balance, and you have room to do so, and it could be to your advantage.
Credit cards are just a tool. They can be harmful when used improperly, but they're not inherently bad. You'll sometimes hear people like Dave Ramsey talk about cutting up credit cards and never using them and blah blah: this is advice aimed at people who are addicted to debt. Like, "never drink alcohol" is good advice for an alcoholic, but not everyone needs to follow that advice.
Having a credit card is a simple way to build your credit history and score, which will help you later on in major debt-funded purchases such as buying a house or possibly a car. Get a card with no fees, use it enough to keep it active, pay it off every month so you're not paying any interest, and you're golden.
Original Famous Ray
Member
Thats a good suggestion and I thought about that a bit lately. My Roth IRA is something I started years ago. My 401k started last year hence the small balance. I currently put $100 a week towards it. I could increase it a bit and yea..it would drain my savings but in a good way. I don't earn a lot per year (48k + tips and OT) so I have to be a bit careful on the amount I put in per week. Maybe what I'll do is boost it a bit to see how much it affects my paycheck and go from there. I have a lot to think about.
I'm surprised there's no GAF thread/OP about credit card churning, honestly. Or frequent flyer miles in general. Seems like that should exist, given how amazing the potential benefits are IF you're aware of its impact on your credit score.
TangoAlphaLima
Member
Totally agree with this. The funny thing about Dave Ramsey's advice regarding credit cards is that it isn't necessary if you follow his other advice about budgeting. If you simply use a credit card as a method of payment for the things you'd otherwise be buying with cash, then it doesn't serve as a negative at all, and provides positive benefits.
But like with much of Dave Ramsey's advice, while I appreciate it for the general concepts, it's mostly focused on the complete morons that get themselves into massive, burdensome debt situations. People with a lick of common sense can own a credit card, it's the ones who don't that should really stay away.
Randolph Freelander
Member
If it does, the next bubble will start inflating. Enjoy the ride.
demosthenes
Member
This. Just keep saving.
Randolph Freelander
Member
I wouldn't, particularly if there's an employer match. That's a considerable guaranteed return and free money you could never get back. At the very least, do everything you can to cut your expenses elsewhere so you can save for both retirement and the home.
DoktorEvil
Banned
Talk to a RE Agent/Broker in your area. Find out the median home values. Figure out if you can cover a 10-20% Down Payment.
Train of Midnight
Banned
I'd recommend doing what I've done, save into your 401k for a while, on top of your own savings, and take a cheap loan from your own 401k fund for the down payment (if they allow it).
EmptySpace
Banned
all of my investments index funds have tanked except for a td index fund u.s. (i think it's s&p-only). i'm down like 0.8% ahahahaa. oh well.
btw, this is my portfolio right now
xaw ishares all except canada etf $1000
xec ishares emerging markets etf $2000
vun vanguard total u.s. market etf $2000
tdb900 td canadian index $2000
tdb902 td us index $2000
tdb911 td international index $1000
so around $10,000 for now.
the only overlap really are vanguard total u.s. and td us index, but td only covers s&p 500 i think, while vanguard covers small to large firms.
btw, this is my portfolio right now
xaw ishares all except canada etf $1000
xec ishares emerging markets etf $2000
vun vanguard total u.s. market etf $2000
tdb900 td canadian index $2000
tdb902 td us index $2000
tdb911 td international index $1000
so around $10,000 for now.
the only overlap really are vanguard total u.s. and td us index, but td only covers s&p 500 i think, while vanguard covers small to large firms.
in what universe is 0.8% down a tank
Randolph Freelander
Member
In the "this is my first time investing and I'm a trainwreck of nervousness" universe.
Empty, I haven't looked at all your stuff there, but the only thing that (quickly) gives me pause is the emerging markets simply because of the volatility of it. I don't know that I'd want 20% in that thing. The 0.8% drop overall is not bothersome. The market ebbs and flows.
EmptySpace
Banned
In the "this is my first time investing and I'm a trainwreck of nervousness" universe.
Empty, I haven't looked at all your stuff there, but the only thing that (quickly) gives me pause is the emerging markets simply because of the volatility of it. I don't know that I'd want 20% in that thing. The 0.8% drop overall is not bothersome. The market ebbs and flows.
well it's just that i don't want to be putting all of it in canada and u.s. i want, "exposure"!
is 20% on emerging markets a bad thing? is it because i'm asian? aaahahaha.
towards the end of the year, if i can hold myself back and not buy a ps4 or build a pc, i can get it up to $20,000+, max of around $27,000 even. maybe that's when i'll try to put into some funds more than the others.
Randolph Freelander
Member
Yes, completely!
But really, emerging markets can go for some wild rides. If you're panicky about -0.8%, you don't really want to know what you're in for on the emerging market roller coaster. Just don't confuse emerging markets for international exposure. You can have the latter without relying in large part (or at all) on the former. Vanguard's total international stock fund, for example, is composed of 19% "emerging," with 81% of it being a bit less risky and volatile. So let's say you had 80/20 domestic versus international in your portfolio, then emerging would be slightly less than 4% of your holdings (if you matched Vanguard's allocation).
Wellington
BAAAALLLINNN'
For credit stuff please see Cyans thread from 2008: http://m.neogaf.com/showthread.php?t=5965
Amen. Who cares if the market dips if you're playing the long game. As long as you're continually employed and do not stop your contributions you will be great. One of the best things I did was ratchet up my contributions during the recession, bought cheap and then when it snapped back my 401k was really boosted.
I am extremely meticulous with my finances thanks to excel and the Google sheets iOS app nowadays. I would not recommend it to anyone who can't control their spending nor pay off their debt month to month. I manufacture spending where possible.
Amen. Who cares if the market dips if you're playing the long game. As long as you're continually employed and do not stop your contributions you will be great. One of the best things I did was ratchet up my contributions during the recession, bought cheap and then when it snapped back my 401k was really boosted.
I have been churning for 2 years now and it's been really good for me. I've tried to get into it in some travel threads but it never gets much traction. No one in my family has paid full price for a flight since then and we have traveled much more than ever. I have attended multiple meet ups focused on points and miles in NYC. It's a cool community.
I am extremely meticulous with my finances thanks to excel and the Google sheets iOS app nowadays. I would not recommend it to anyone who can't control their spending nor pay off their debt month to month. I manufacture spending where possible.
Lumination
'enry 'ollins
So, I've maxed my Roth 401k and Roth IRA for the year. My only debt is a mortgage with 3.5% interest over 15 years that I'm paying on schedule. I have 6 months' expenses in the bank.
What is the best investment vehicle for any additional money I have? I estimate being able to invest another 15k/year, but it'd have to be in some taxable account, right? I could also pay my mortgage in advance, but I think I could get better growth elsewhere.
Thanks again for the advice everyone!
What is the best investment vehicle for any additional money I have? I estimate being able to invest another 15k/year, but it'd have to be in some taxable account, right? I could also pay my mortgage in advance, but I think I could get better growth elsewhere.
Thanks again for the advice everyone!
Randolph Freelander
Member
If it were me, and knowing the funds I hold in my retirement accounts and being comfortable with that blend, I would execute the same strategy in an external account. I'd be tempted to go up on the mortgage payment, and might slice off a little extra towards it, but the bulk would be invested.
Lumination
'enry 'ollins
Yeah, are there different types of taxable investment accounts? Similar to how retirement accounts are divided into IRA and 401k.
Randolph Freelander
Member
I'm a simpleton, so I'm mainly thinking of standard brokerage accounts (Fidelity, Vanguard, whatever) and routine investing. There are doubtlessly other investment vehicles, but I'd have to defer and allow someone else to identify them and explain their costs and benefits.
Same, I really don't know of any without getting in way over my head. Just regular brokerage accounts.
If you have kids or plan to, then seeding a 529 with some of the funds is a good investment vehicle, and provides some tax benefit (depending on your state). But that ties the investments to college expenses, obviously
Lumination
'enry 'ollins
Alright, I'll read up about it over the weekend. If I find anything interesting, I'll report back!
HSA is an option if you plan on using the additional savings for retirement (or for unexpected medical issues).
PflargBlarg
Member
Heh yeah, I've been reading Root of Good since I've finished MMM and he has about 1.4-1.5 million in investments. Last year he went down 60,000 dollars in one month and then up 86,000 the next month. While that's fairly 'exciting', going down 4% in one month is still not disastrous.