[ SECRET POST #4167 ]

[case]

⌈ Secret Post #4167 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

01.



__________________________________________________



02.
[this was submitted as text with this image, just screenshotted it but please put the text on the image next time!]


__________________________________________________



03.


__________________________________________________








04. [SPOILERS for Travelers]



__________________________________________________



05. [SPOILERS for Black Panther]



__________________________________________________



06. [WARNING for possible discussion of rape]
















Notes:

Secrets Left to Post: 00 pages, 00 secrets from Secret Submission Post #596.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

Re: Advice!

[(Anonymous)]

1. 3% in your 401k, up to the match but no more than the match. Make sure to do this. It's free money every month and nowhere else will you get a guaranteed 100% return.

2. With the rest, build up a savings account that you can live on for 3-6 months.

3. Put the rest in a Roth IRA up to the annual maximum.

4. If you manage to max out the Roth IRA, put more in the 401k.

Re: Advice!

[(Anonymous)]

Also helpful wikis for OP:
https://www.reddit.com/r/personalfinance/

Flowchart: https://i.imgur.com/lSoUQr2.png

Re: Advice!

[kaijinscendre]

A Roth IRA is a separate thing that I will need to set up with a company? I can't even figure out what the hell kind of plan I have on the Fidelity website. This is all very frustrating.

Re: Advice!

[(Anonymous)]

If you want the absolute simplest thing,

1. Sign up for a Roth IRA at either Fidelity, Vanguard, or Schwab - these are the three with the lowest fees; I think Vanguard has the lowest barrier to entry at a minimum of $1000

2. Move money there electronically from your bank; wait ~7 days for money to settle

3. Invest it all in a Target Retirement 20XX Fund (20XX being your planned retirement year); all three offer this where the company automatically picks what suits your age, you can set and forget

4. Every time you add more funds to the IRA invest it all in the Target 20XX fund

That's it.

Re: Advice!

[kaijinscendre]

Thank you for the advice! I am going to work on all this over the weekend. I guess Fidelity would be easiest because I can have it on the same account as my 401k.

Re: Advice!

[(Anonymous)]

Sure thing. r/personalfinance also is great if you have more questions.

For Fidelity, if you want to keep things the simplest, if you plan to retire in about 30 years, you'd be aiming for Fidelity Freedom® Index 2050 Fund - Investor Class; $2500 minimum https://fundresearch.fidelity.com/mutual-funds/ratings/315793869

Sorry, linked the wrong one before. One day I'll get this right.

Re: Advice!

[(Anonymous)]

You can probably also set one up through your bank/credit union or even whatever company you use for insurance. It's pretty easy. You don't have to apply for one like a loan or anything, you just say you want to set one up and they help you do it.

Having money go in automatically is helpful since you don't need to think about it.

I've heard you should save 15% of your income towards retirement. I save more than that these days, since I'm playing catchup after only saving paltry amounts up until just a few years ago (i.e. 35-ish). It's a number to shoot for in combined 401K/IRA savings when you can.