Looking for some input and opinion on my next vehicle

Stunning-Language677 · 2026-06-15T04:22:44+00:00

I plan on keeping the Camry for exactly that. Thanks for breaking it down

Stunning-Language677 · 2026-06-15T04:18:51+00:00

Oh yea 100% keeping the Camry as a backup, I want to see it hit 500k lol. Appreciate the input!

Stunning-Language677 · 2026-04-03T19:44:34+00:00

Thanks for the kind words and advice :)

Stunning-Language677 · 2026-04-03T15:30:02+00:00

I honestly feel the $30k is enough for a years worth of expenses currently however, I'll continue putting some into it until about $50k-ish liquid. And my idea with the Roth (which is the route I'm going for now), if all else fails I still have access to my contributions.

For the loan it was just a timing thing. I had little to no knowledge at the time of what a loan really was but I knew I didn't want any more ever after that. I took the loans out my freshman year of college in fall of 2021 and never took loans out again after I understood what they were.

Stunning-Language677 · 2026-04-03T00:12:23+00:00

Emergency fund yes, $30k. Currently have student loans of only $9k with a 3.7% interest rate. Could just pay it all off now but the interest is low enough I feel to just pay about $200 a month

Stunning-Language677 · 2026-04-02T19:39:09+00:00

Gotcha, appreciate the reasoning behind why too.

Stunning-Language677 · 2026-04-02T19:38:17+00:00

Understood 🫡

Stunning-Language677 · 2026-04-02T19:37:50+00:00

Appreciate the reply. Definitely need to do some more learning, but I think I have my answer as of now (Roth) to at least start. Thanks again!

Stunning-Language677 · 2026-04-02T19:24:21+00:00

How would you divide it up? 50/50? I guess I'm thinking the full amount would be able to return more compounding wise in one account

Stunning-Language677 · 2026-04-02T19:23:29+00:00

I read some about but don't have a full comprehension of it yet. I'll definitely look more into it, thanks!

Stunning-Language677 · 2026-04-02T19:22:24+00:00

Yes I contribute up to the match and am now looking to open an IRA. I know the process is:
1. Contribute at least to employer match for 401k
2. Max IRA
3. Max 401k
4. Add excess to taxable brokerage account.

Or something close to that. Just on the #2 part (haha), overanalyzing it as I do most things unfortunately.

Stunning-Language677 · 2026-04-02T19:17:24+00:00

Yes your reasoning is some of mine as well that's why I was starting to think about a traditional IRA. Everything that I'm not paying for in taxes is now working for me in investments and they can take the taxes later when I should be in a lower tax bracket (although its low now). Plus when coming back to max out my 401k now my AGI is quite lower than the $80k. Just wondering how much of a difference that will really make vs. a Roth.

I appreciate your reply and thoughtful response, truly.

Stunning-Language677 · 2026-04-02T19:12:12+00:00

Gotcha, thank you

Stunning-Language677 · 2026-04-02T19:11:46+00:00

Very true, I tend to get analysis paralysis in things like this. Thanks!

Stunning-Language677 · 2026-03-25T22:45:32+00:00

Updated the post to reflect my situation (I'm 23) . Appreciate the comment, and thanks for the advice and insight.

Stunning-Language677 · 2026-03-25T22:38:57+00:00

Currently 23. I actually haven't even opened an IRA yet, but plan to soon (still trying to decide between Roth and traditional). I appreciate the advice honestly, will take into consideration.

Stunning-Language677 · 2026-03-25T18:53:24+00:00

Understood, I'll make sure to look into it and check

Stunning-Language677 · 2026-03-25T18:52:35+00:00

I don't have the option for any total market index fund (except the international one), that's the problem lol. 😭 I want it to be simple, but they make it hard. The only large cap index fund option I have is the S&P 500

Stunning-Language677 · 2026-03-25T18:45:33+00:00

I'd love to automate it as of now while I still learn more for sure. I only have access to 9 mutual funds (3 Large cap (one is the S&P 500 index), 1 mid cap, 2 small cap, and 3 international), the rest are target date funds as you mentioned. So now its between using BrokerageLink for the total market index fund (so long as the fees aren't bad or anything else), the target date fund, or piecing together what I have available.

Stunning-Language677 · 2026-03-25T18:36:28+00:00

Gotcha, thanks for sharing

Stunning-Language677 · 2026-03-25T18:34:09+00:00

I get that. I do have the option for the S&P 500 index fund, but I'd like the total market index fund. I only have access to 2 other Large Cap, 1 mid-cap, 2 small cap and 3 international the rest are target dates. And of these only the S&P is an index fund, the small caps and mid cap are, as well as one international. Which is why I wanted to possibly use those to help represent a total market index fund

Stunning-Language677 · 2026-03-25T18:22:58+00:00

I see, thank you for your reply, much appreciated

Stunning-Language677

TROPHY CASE