DestinationForever OP t1_j2e4ykh wrote on December 31, 2022 at 4:20 PM

Reply to comment by efla in I’m having trouble getting started with what I should do with my money. Have I saved enough? What direction do I need to take next? by DestinationForever

Have you tried the I Bonds? Or have you known others to? What’s their experience, and isn’t it adjusted inflation like retirement accounts?

DestinationForever OP t1_j2budlo wrote on December 31, 2022 at 2:24 AM

Reply to comment by efla in I’m having trouble getting started with what I should do with my money. Have I saved enough? What direction do I need to take next? by DestinationForever

What makes Roth any different from a HYSA besides withdrawal repercussions before the age of 59? Also, with HYSA can you withdraw any amount anytime?

DestinationForever OP t1_j2bn8fu wrote on December 31, 2022 at 1:31 AM

Reply to comment by Werewolfdad in I’m having trouble getting started with what I should do with my money. Have I saved enough? What direction do I need to take next? by DestinationForever

Oh. I guess I’m overwhelmed with approaching it. Do I have other options other than a HYSA? If I were to do with a HYSA how do I know which is the best to pick?

DestinationForever OP t1_j2bn1mi wrote on December 31, 2022 at 1:29 AM

Reply to comment by efla in I’m having trouble getting started with what I should do with my money. Have I saved enough? What direction do I need to take next? by DestinationForever

So where do I store my ‘emergency fund’ exactly? Like a HYSA? I’ll match my 401k no problem. I have no debt. Do I really want to put money in a Roth and can I pull that out at anytime?

DestinationForever OP t1_j2bmty8 wrote on December 31, 2022 at 1:28 AM

Reply to comment by Werewolfdad in I’m having trouble getting started with what I should do with my money. Have I saved enough? What direction do I need to take next? by DestinationForever

That emergency fund stuff is tough for me to understand. So is that a HYSA?