Hey Everyone,
Total newbie in need of some advice.
I recently paid off my student loans. I narrowly dodged a financial adviser, nearly signed up with him to help me setup my retirement accounts. But found this site and am trying to navigate on my own.
I opened a Vanguard account and bumbled my way through the backdoor Roth IRA process.
My question is, I have $20k to invest. What do I put it in? A 401K? Sorry for the stupid question. I just don't know what my next investment should be..I'm thinking long-term and fairly conservative here. I'm 41 with a meager employer-matched 401k that I have max'd out for 2 years, but otherwise have zero investments. So I want to start socking away probably $20k a month for at least the next couple of years. Where do you recommend I put it? I don't know what type of an account.
If there is a particular thread or link on the website that answers this to get me started, please point me in the right direction.
Thank you!
Total newbie in need of some advice.
I recently paid off my student loans. I narrowly dodged a financial adviser, nearly signed up with him to help me setup my retirement accounts. But found this site and am trying to navigate on my own.
I opened a Vanguard account and bumbled my way through the backdoor Roth IRA process.
My question is, I have $20k to invest. What do I put it in? A 401K? Sorry for the stupid question. I just don't know what my next investment should be..I'm thinking long-term and fairly conservative here. I'm 41 with a meager employer-matched 401k that I have max'd out for 2 years, but otherwise have zero investments. So I want to start socking away probably $20k a month for at least the next couple of years. Where do you recommend I put it? I don't know what type of an account.
If there is a particular thread or link on the website that answers this to get me started, please point me in the right direction.
Thank you!
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