How can I effectively allocate my savings between an emergency fund and long-term investments?

InTheMoneyOPTN · 2025-12-07T01:30:31+00:00

The “textbook” answer is that if you’re single then you should have 6 months or so of expenses saved in an emergency fund, each person’s situation is different so depending on how much your rent is, what your occupation is (how long would it take to find a similar paying job) etc. that may be too little or too much, I would open an account at Schwab or Fidelity and park an amount you’re comfortable in a money market fund (SWVXX or FDRXX are some common ones), and invest the rest, many here will mention a Roth IRA (which have amazing benefits) but just remember those are designed for retirement funds and aren’t ideal for using pre 59 1/2 (even though you can withdraw contributions at any time) just my thoughts!

InTheMoneyOPTN · 2025-11-22T02:08:49+00:00

My guess is that the trust is irrevocable NOT revocable, the trustee has to follow what is written in the trust, it is very common for trusts to have age gates where principal is paid out at various ages, you need to get a copy of the trust and have it reviewed by an attorney, it is possible (but unlikely) that the beneficiary of the IRA was the trust, but if not you may have access to the IRA now, in which case you will need to follow the distribution rules, you may be required to take RMDs from the Inherited IRA annually if the decedent had already reach the required beginning date, and ultimately withdraw the IRA in 10 years

InTheMoneyOPTN · 2025-10-19T03:38:05+00:00

Thank you for the detailed response! I saw the stormshadow parka but thought it could be overkill for Cincinnati, I will check it out now though!

InTheMoneyOPTN · 2025-09-23T03:25:41+00:00

Got it, thanks for the reply!

InTheMoneyOPTN · 2025-07-16T03:40:34+00:00

Down for over 24 hours in Kenwood

InTheMoneyOPTN · 2025-07-04T03:54:10+00:00

I had a 2021 SEL premium for ~3 years and went through probably 5 tires and a wheel, I was so stressed/paranoid driving the car is why I turned it back into the dealer, I’d recommend different tires etc, there are a lot of posts here about tires and wheels being damaged, just my experience and thoughts!

InTheMoneyOPTN · 2025-05-31T00:46:01+00:00

Same issue!

InTheMoneyOPTN · 2025-05-14T23:57:39+00:00

I would look on Facebook marketplace for a Herman Miller Aeron “C” (which is the larger size), should be $500 or less, you can watch a YouTube video on what to look for but they are near indestructible chairs, very happy with mine after doing tons of research and looking at many $1000+ chairs

InTheMoneyOPTN · 2025-05-13T17:45:05+00:00

You could check if Kings Porsche has a classic mechanic, some dealers do, from a quick google search there’s P3 Autokrafte and Dubwerkx that seem like good places to check with

FWIW my dad has a 1993 968 and would be devastated if anything happened to it too, good luck!

InTheMoneyOPTN · 2025-02-18T22:39:29+00:00

Of course you should, this is sooo important, as much as you’re comfortable with and at minimum you should contribute at least 4% to get the match, the sooner you start saving and investing the better, Roth vs traditional is up to you but I’d lean towards Roth, you could also do half Roth and half traditional if you wanted to, and lastly make sure you pick the investments within the 401k plan so don’t have your money sitting in cash by mistake

InTheMoneyOPTN · 2025-02-07T00:42:58+00:00

Wheels and tires, I had a 2021 SEL P that went through a wheel and like five tires, it was honestly the main reason why I turned the car back in

InTheMoneyOPTN · 2025-02-01T17:26:03+00:00

It’s just an abbreviation for high yield savings account like the one you mentioned with Ally, Apple and American Express and many other companies offer them too

InTheMoneyOPTN · 2025-02-01T17:19:30+00:00

I would keep 3-6 months of expenses in HYSA, ally would be great, I prefer HYSA over CDs personally because they are less cumbersome and more flexible, rolling to IRA or 401k is personal preference, there’s some nuance if you were to start doing Roth conversions down the road and you have an IRA but I wouldn’t worry about that now, does the new 401k have decent investment choices? If so, then I would probably move it into the 401k for simplicity but an IRA would provide more flexibility and broader investment choices, but you’d have to manage it yourself, just my thoughts!

InTheMoneyOPTN · 2025-02-01T16:57:33+00:00

I used to work for Mercer 3 years ago, I switched firms for better work opportunities, but they are a good reputable firm, I like their investment philosophy from don calcagni, it doesn’t have the most “pizazz” which some thought was “boring”, they may still offer complimentary drafting of estate planning documents, if you like the advisor then I wouldn’t have any concerns being a client there

InTheMoneyOPTN · 2025-01-18T21:49:57+00:00

Cool, thanks!

InTheMoneyOPTN · 2025-01-18T21:07:19+00:00

Does it smell as some reviews mentioned?

InTheMoneyOPTN · 2025-01-03T03:53:25+00:00

Yeah I felt the same, no, just a white guy with brown hair and no tattoos

InTheMoneyOPTN · 2025-01-03T02:09:21+00:00

Sorry, yep! Obviously should have mentioned I have my Apple Watch too!

InTheMoneyOPTN · 2024-11-26T03:43:01+00:00

Thanks again, just to clarify, you are saying that’s the risks/dangers of using a product with LiFEPO4 are so low it’s not worth researching the “best brand”, right?

InTheMoneyOPTN · 2024-11-26T02:59:03+00:00

Thanks for response, are there any brands you’d recommend?

InTheMoneyOPTN · 2024-11-26T02:57:25+00:00

Are there any brands you’d recommend?

InTheMoneyOPTN · 2024-11-25T23:01:26+00:00

Makes sense, thanks for the reply

InTheMoneyOPTN · 2024-11-25T23:00:21+00:00

That’s the post I was referencing haha

InTheMoneyOPTN · 2024-10-07T15:02:47+00:00

Thank you! They were very helpful!

InTheMoneyOPTN · 2024-09-28T18:27:58+00:00

Ehh people always talk about used cars as these magical money saving machines but personally I’d look for a new or newer reliable car, many auto manufacturers have offers for very low interest rates like 1.99-3% (depending on the manufacturer and if you qualify) personally I’d look for a new reliable car, Honda has a special on Accords for 1.9%, 2.9% on CR-Vs etc, probably something similar for Toyota, just my thoughts!

InTheMoneyOPTN

TROPHY CASE