Sup nerds.
I have my 401k with my employer with 5% match and then they match my investment which is neat, have had a Roth IRA that I maxed out last year and am already getting close to maxing it out this year. Any other investments I should be worried about on my radar as a single 26 yo male? With my job I cannot sports bet so that's nice so looking to put my money into something worthwhile. I also have a high yield savings that I put my bitcoin money into but have been told to maybe put that into a mutual fund...
Thoughts?
taxable investments are underrated imo. good job on the tax advantaged stuff. if you don't have a brokerage account you should open one (can do it the same place you have your 401k/IRA) and like SF said a simple S&P fund (I use VOO) is a good option to set and forget. Also just keeping a chunk in money markets there isn't a bad deal as you'll probably scrape 5% from that at the moment. if you have kids (OR EVEN IF YOU DON'T BUT WILL SOON) you could start a 529 for them. lots of good options out there.
No kids, gotta get the other half through pharmacy school at the other Kansas School. My work 401k is through nationwide, I have fidelity for the Roth. Hoping I can get things saved up for a house in the next four years. I am in line for a big raise and hopefully a promotion in those four years so that will definitely help. But renting/saving for the time being. I don't have a car payment as I took a baby loan and already have that paid off.
As always, this blog is GOATED with the sauce.
do you have a savings goal for the house and a plan to get there? Doesn't change a ton of advice given but you could throw more into a brokerage account to save for that instead of maxing the 401k. Probably riskier than many would recommend but you're a bitcoin investor so whatever
Also I wouldn't plan/count on a significant raise IMO