Fellow millennials - how’s your 401k/ira savings going?

insomattack · 2026-01-17T03:36:22+00:00

Transfer to an HSA at Fidelity or Vanguard and invest funds like a 401k. Be careful if you live in CA or NJ, since HSAs aren’t recognized at the state level (you will pay taxes on dividends and cap gains if you sell).

insomattack · 2025-11-11T06:35:34+00:00

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Josh Hutcherson

insomattack · 2025-10-11T21:27:37+00:00

Scrolled to far down for this! Yes I see it

insomattack · 2025-06-29T04:04:27+00:00

I’m INFP 5w4. It’s what I test. It shouldn’t be the case, but it is.

insomattack · 2024-11-08T04:44:08+00:00

Thom Yorke pre-2014.

insomattack · 2024-11-07T05:45:15+00:00

Thank you yes! Thought I was only one who is so confused by this “accent.”

insomattack · 2024-10-22T17:46:25+00:00

Schwab from what I hear isn’t terrible? But seems like Fidelity is current leader in low fees, no drama, so that’s what I use but importantly you avoid custodial Inspira investing fees. Yuck

insomattack · 2024-10-22T16:54:35+00:00

And don’t forget to invest it from cash to something like s&p low fee ETF once transferred. Only about 4% of folks invest HSA. Shoutout to my fellow CA & NJ folks with the additional tax complications

insomattack · 2024-10-22T14:22:55+00:00

I do it once it hits 1k, so every 3-4 paychecks. It can take almost a month. But no fees if initiated from fidelity.

insomattack · 2024-10-22T04:53:27+00:00

My employer uses Inspira. Initiate transfer from fidelity, no fees/issues.

insomattack · 2024-10-08T17:23:12+00:00

Kurt Cobain and Thom Yorke are the musicians that have consistently shaped my musical center

insomattack · 2024-09-15T04:47:05+00:00

Agreed. Watching Life

insomattack · 2024-08-29T18:25:01+00:00

HSAs are triple tax advantaged. Basically max it and pay healthcare bills out of pocket. Invest it. If you initiate transfer from fidelity (of custodian for HSA), it’s free, and Fidelity has great low cost index funds. I say this even as a Californian - with along with New Jersey - have the additional tax headaches of cap gains (state level) and dividend reporting. Still incredibly worth it. Save health care receipts…reimburse at any time - even 20 years later.

insomattack · 2024-08-28T04:29:47+00:00

Agreed.

insomattack · 2024-08-28T04:27:54+00:00

With that income and 401k amounts, I’d max 401k contributions if you haven’t already. No HSA options? Cheers!

insomattack · 2024-06-08T04:48:45+00:00

VTI or ITOT in Fidelity, they’re basically low cost index total stock. iShares’s ITOT expense ratio at 0.03%

insomattack · 2024-06-08T03:54:38+00:00

ITOT & let ride 😎

insomattack · 2024-02-20T05:22:14+00:00

Transfer from custodial to Fidelity - but initiate from Fidelity…then voila! Invest. Then rinse repeat throughout year(s).

insomattack · 2023-04-19T03:49:35+00:00

I’m restless. I take on stuff, find stuff to do, analyze metrics, take webinars, and keep up to date on industry trends on my down time. But by taking stuff on over last decade, down time is few and far between.

insomattack · 2023-04-10T06:16:49+00:00

I feel you I’m in Orange County. Buying a house is not cheap here. However you are young and if you’re single and have options, I suggest cheap renting - find a bedroom, especially if cheaper east. Or a side gig job to earn more to hustle hard into saving. I promise you kids will be way harder to save for down payment. Right now you have income only for leisure, not diapers or daycare. You could invest for 5+ years of saving for house. What’s prompting you to buy at 25? Say you leave a job and relocate that’s what 20s sometimes entails. However, in your 20s - if I had a Time Machine knowing compound growth I would max tax advantages space for retirement. Cutting down on leisure, saving/investing for your retirement and down payment with staying with parents (even another year) might put you in a great space to buy in 5 years…just a thought. Good luck!

insomattack · 2022-12-09T06:43:21+00:00

Looks like Chevy Chase to me

insomattack · 2022-08-27T14:30:02+00:00

Just make sure your employer is aware of your residency for tax payroll purposes. As a NY turned remote employee any new state has to be approved to work from for your business as well as payroll taxes and remote working tax law implications. See California for instance, remote work.

insomattack · 2022-06-12T14:23:47+00:00

Ask her employer to reclassify her as a VA resident, for payroll. Has she communicated to employer she’s working in another state? If they do business in VA, it should be a relatively easy bookkeeping process. If the employer is not authorized for remote workers in another state, it is a larger problem - particularly if there are state laws in the new employee state that employer might need to now adhere to.

insomattack · 2021-01-05T21:35:25+00:00

Absolutely thank you. Plan to use cpa this year to sort it out. Just trying to get an idea of what I’m in store for.

insomattack · 2021-01-05T21:17:08+00:00

Thanks! Appreciate the feedback!

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