JoeyJungle
Banned
Hi GAF, I recently got a job that offers a bunch of benefits and I'm not sure what to prioritize regarding finances. I meet with HR on Monday, so was wondering what sorts of questions I should ask.
I just turned 27, and right now I have a checking account with a few thousand dollars, and an "Individual Taxable Account" through Betterment that I deposit into every week that has the rest of my savings (about $12k). It's all index funds with a target of 90/10 stocks/bonds.
I think I'll need to wait a few months until I'm offered the 401k, but I wanted to get my head straight about what to plan for. Should I plan on withdrawing enough from my Betterment account to max out my employer match on the 401k? Should I set up an IRA? Would it be better to concentrate all my funds into Betterment because their returns may be higher + compound interest? What's the advantage of splitting my investments between 401k/IRA/regular taxable investment account?
I'm not totally sure about the health insurance the company offers or if it has an HRA, but if they do have an HRA should I split my investments into that as well?
Thanks!
I just turned 27, and right now I have a checking account with a few thousand dollars, and an "Individual Taxable Account" through Betterment that I deposit into every week that has the rest of my savings (about $12k). It's all index funds with a target of 90/10 stocks/bonds.
I think I'll need to wait a few months until I'm offered the 401k, but I wanted to get my head straight about what to plan for. Should I plan on withdrawing enough from my Betterment account to max out my employer match on the 401k? Should I set up an IRA? Would it be better to concentrate all my funds into Betterment because their returns may be higher + compound interest? What's the advantage of splitting my investments between 401k/IRA/regular taxable investment account?
I'm not totally sure about the health insurance the company offers or if it has an HRA, but if they do have an HRA should I split my investments into that as well?
Thanks!