Hi, I’m 35 and just starting to have enough money to save and think about the future. I lived abroad for many years and didn’t make enough money to convert to US dollars to get started.
I’ve been back in the US for three years now, and have started a Roth IRA this year. My wife and I have a savings with about 20k, and each of us has our own checking. My checking currently sits around 20k. She has more in hers but doesn’t want to invest much of it.
What would be smart moves to help that money grow and compound?
We are not thinking about buying a home right now.
Thank you!
Beginner’s advice (little older)
byu/Kaito_Klimt_Olive inpersonalfinance
Posted by Kaito_Klimt_Olive
2 Comments
Follow the flow chart:
https://www.reddit.com/r/personalfinance/wiki/commontopics/
Play this game. https://buildyourstax.com/ it’s from a great resource called next gen personal finance. Though it is geared towards high school kids you can certainly use it too. There are also other grea resources out there.
First things first, get a high yield savings account at a credit union or online bank. Make sure you have 3-6 months of emergency funds. Some people say bills I say income, but that’s me.
Do you have access to a 401k or any other work ased investment plans?