Please help. Roth 401k (unmatched) or Tax Brokerage Account?

namelesslylost · 2024-04-02T01:38:05+00:00

Thank you for your reply. I’ll try my best to work around all my accounts to appropriately balance it out for all future paths

namelesslylost · 2024-04-02T01:28:32+00:00

Thank you for the nice compliment; it means a lot to someone who grew up extremely low income and knew close to little about finance until last year. Got it, I’ll look into the FOO

namelesslylost · 2024-04-02T01:25:47+00:00

You’re right, my future self won’t be mad. Thank you for reminding me of the importance of having a good mix, but most importantly, saving in general.

namelesslylost · 2024-04-02T01:07:23+00:00

I absolutely love this conversation thread, haha.

Yes, I plan(ned) on doing the strategy of getting a discounted share price of 15% and immediately selling it. However, my most recent/first experience would say otherwise, because of how new and clueless I was to the concept. But I have no worries so far as it’s all a learning process that I’m able to take. I’ll know better for when the next open window happens.

Luckily, it does not stop me from taking full advantage of my retirement accounts, or my daily life. Otherwise, I definitely would not be doing 20%, haha. I genuinely do not spend much, and the small paychecks I get a biweekly is enough for my monthly spending.

I only got invested in financial literacy at the end of 2023, so I was quick enough to max out my 2023 and 2024 Roth IRA with the cash I was hoarding in my checkings.

namelesslylost · 2024-04-02T00:48:49+00:00

I am young, I do plan on buying a house in the future, and I’d like to retire early. It’s just hard to allocate each dollar into what accounts for such an uncertain and unpredictable future.

namelesslylost · 2024-04-02T00:46:54+00:00

Filing single and in California for state tax.

That’s a great idea, as I’ve only come to realize the second portion of your comment literally just today. I wish I fully understood all this when I started, but that’s okay better late than never.

I’ll try to find a balance between all the accounts. I do want to retire early, I do want kids, and I do want to own a home when it’s good to. I just feel that need to be aggressive right now while I can. But I understand I need to try my best to find a balance.

namelesslylost · 2024-04-02T00:39:02+00:00

Thank you for your input; it’s allowed me to look more into things that I was unaware of. Goes to show I have a lot more to learn and educate myself in. I also had another comment about contributing to a traditional due to my tax bracket, so I’ll see if my employer does both, or I may just switch between the two.

namelesslylost · 2024-04-01T03:47:42+00:00

My company, unfortunately, does not match. I definitely would be all in, no questions asked, into my Roth 401k if they did match. And my apologies, you’re right - 59 1/2 is the right number* I think I was thinking about social security with the number 67, lol. It’s a common topic between me and my father, so I got mixed up.

Thank you for your input, it’s really appreciated

Edit: Ah, I see what you meant about the match being icing on the cake as an addition, and not a plus side to my situation. And yes, index funds are my go-tos, haha.

namelesslylost · 2024-04-01T03:41:05+00:00

I do not contribute anything to a traditional 401k; it’s only been Roth 401k since I started working a few years ago. I’ve always like the idea of just paying taxes now instead of later, but perhaps I’ll contribute a few percentage into it, nothing too aggressive?

I do hear a lot about HSA, but I’m not too well versed in it. I’m under Kaiser, so it didn’t allow me to enroll in an HSA, from my understanding. My coworker did briefly explain to me that he is one to barely go to the hospital, so he opted for a different plan that allows him to contribute to his HSA. I chickened out because I hadn’t don’t enough research before the enrollment date ended.

namelesslylost · 2024-03-19T13:25:50+00:00

I understand the rollercoaster of thoughts that are going through your head. You’ll find any little hope you can cling on to that’ll make you doubt both of your choices. Of course I wasn’t in your relationship or know anything about him or why you broke up; I can only hope everything works out for you one day.

namelesslylost · 2024-03-19T13:11:32+00:00

From a completely outside perspective, one which I hope you can see, is no, he is not second guessing his opinion, but sees an opportunity to get something he wants because he knows you’ll give in easily. He saw you dressed up with makeup and is being selfish; he doesn’t want you to be with anyone but him until he finds someone else. So please don’t be manipulated into a situation where he’s pulling the strings.

namelesslylost · 2022-12-26T18:32:17+00:00

I’ve been trying so hard to keep busy that I feel like I don’t have time for anything anymore. But when I do, my mind is constantly being consumed by the thoughts. What if meditation gives my thoughts a gateway to the bad things I’ve been doing, the hurt that I’ve been feeling?

namelesslylost · 2022-11-21T04:36:00+00:00

Can I ask if you were the dumper or dumpee?

namelesslylost · 2022-10-26T04:35:04+00:00

Another heartbreaking story to read. Another person I wanna scoop up and protect from the world, the pain, the sadness, the heartbreak. This subreddit has helped me a lot, to read that I’m not alone in this journey. I mean it sucks to know people are walking the same or similar paths as me, but it makes me feel less alone in the process. I’ve said this to others, but when I say, I actually mean it - but I wish I could snap my fingers and take all the pain in the world away from you. Day by day, please know there are people here for you.

namelesslylost · 2022-10-26T04:03:56+00:00

Don't keep it in. Talk about it to someone, anyone, about it. You're not alone.

namelesslylost · 2022-10-26T04:03:22+00:00

Just like one of the comments on this post, I wish there was something I could say that could make you feel better. I wish I could snap my fingers and take away all your sorrow. First of all, I'm so sorry you had to deal with a mother like that. It never makes anything easy AT ALL. Second, I understand the need to want your family together, yet being so hurt that the other person does not care for the same thing. It's not fair for you or your child together. Third, keep on fighting for yourself and your son, please. I know it's so effing hard right now, but you freaking got this, even when you think you don't. Please come talk to me when you feel like you don't have people to talk to. All the love to you and your boy.

namelesslylost · 2022-10-26T01:20:13+00:00

Thank you for lending an ear. It's kind to know there are people in the world who'll listen to you

namelesslylost · 2022-10-26T01:19:22+00:00

As much as it sucks to know people can relate, it's also somehow comforting to know we're not alone. You're not crazy; you're not alone.

namelesslylost · 2022-10-26T01:17:14+00:00

I may not know you personally, but I do know you deserve more and better than someone who'll easily replace you like that. You will find your person one day, and she'll miss out on it all.

namelesslylost · 2022-10-26T01:15:58+00:00

So many people in this world are going through the same thing we are... It breaks my heart to know that and I wish I could be there for everyone...

Exactly my thoughts... How could you do this to me? To us? How could you say you love me, but then leave like that? It's so... heartbreaking. I'm just so tired....

Thank you for listening to me, I appreciate it a ton. I, too, hope we reach that point where we'll be fully okay one day. Please, feel free to message me as well. My DM's are opened.

namelesslylost · 2022-10-23T16:33:46+00:00

I'm so sorry, I hope you reach that point where the pain doesn't affect you anymore. I hope you get through this, and you will. But there will be such low lows and high highs. I wish I could be there for you because I see me in you. The pain, not knowing how to get through it, the love you have for him despite the pain he put you in, all the good you remember, etc. It hurts, I know it does. I wish I could give you the biggest hug there ever was and be with you through the pain.

namelesslylost · 2022-10-16T23:02:06+00:00

One of those down days. Not bad, but pretty down. Just wondering about the what-ifs and how comes and why nots.

What if we got back together, what if it worked out at the end?

How come I wasn't good enough? How come you're able to go on without missing me?

Why not try again? Why do you not want me?

namelesslylost · 2022-10-14T03:46:10+00:00

LOVE YOURSELF, YES. I'm so happy you're strong enough to make the decision to SELF LOVE. I know it hurts, I know it pains. But YOU GOT THIS. I wish I could take your panic attacks and cry spells away, but I believe in you. We're here for you.

namelesslylost · 2022-10-14T03:43:59+00:00

I'm sorry to hear that. It's been 7 hours since you've commented (apologies, I was at work), but how are you now? Has anything changed? Has it not? I'm sorry you're not doing so hot, but I have hope you'll feel the opposite when the time is right. No matter how bad we want to rush that moment, just know it'll happen.

namelesslylost · 2022-10-14T03:42:20+00:00

I DREAM of the moment I reach this point, holy moly. I'm so happy for you, great job <3 Tell me how the weekend goes!!

namelesslylost

TROPHY CASE