Got 100K in HYSA. Should I open a taxable brokerage account? Im 27F, make $94k base salary, $135k total comp, and live in a very HCOL area. I max out my 401K, Roth IRA, HSA.
I will pay ~50K in student debt loan whenever that resumes, so I can easily pay this in full when the need arises.
My parents still pay for my rent ($1,325/month) and other necessities but can take over soon now that I have stable income.
I would like to buy a house (average costs in my area is unfortunately $1M), but I have no clear idea when or if it’s at all possible. If I have no clear ideas yet on buying horizon, is it better to keep my money in stocks through a taxable brokerage account (index funds) for the meantime?
You certainly cannot afford the median house in your area. Your mortgage alone will come out to 5,000 dollars a month (even with a 20% down payment).
Along with property taxes ,maintenance, and insurance you can easily expect to spend upwards of 6,000 dollars a month. Even with your total comp of 135,000 dollars you probably take home no more than 6-7 k a month after taxes and 401k and other deductions.
Renting is certainly the better option for you right now, given how cheap it is compared to home ownership.
Opening a brokerage account is a very reasonable plan. So is just getting rid of that student debt.
You shouldn’t use equities to save for a down payment on a house, but you also can’t afford a $1M house.
There is no better time to enter the stock market than during a recession. A lot of authors and some economists believe we’re headed into one in the back half of the year. If you want to invest at generational lows with the expectation of long term investing then that would be the time.
What is the interest rate on the student loan? If over 5%, I’d pay $50k student loan off then keep most in hysa, about $40k, then open a taxable brokerage and put $10k in index funds. When you make your new budget allocate a portion to invest in the index fund with every paycheck.
First of all – congratulations. Your compensation is impressive, and best of all – you’re young!
Regarding buying a house – a $1M price target is too high. I believe you shouldn’t spend more then ~30% of your gross income on housing costs. My gut is telling me a lender wouldn’t approve you for a mortgage to purchase a $1M house, your debt to income ratio would be too high.
Focus on financial ratios for saving and spending. I personally take a lot of comfort in the 50/30/20 ratio, which simply means 50% of your gross income goes to living expenses, 30% of your income goes to additional expenses (pleasure, travel, shopping, dining out, etc), and 20% of your income should be saved.
So long as you are saving 20% of your income, that’s good! Don’t split hairs over the 50% allocation or 30% allocation… focus on saving a minimum of 20%.
Also, have cash in a checking account! I believe you should have a minimum of 6 months of living expenses saved. In your case, I’d include your rent as a living expense, even though your parents are currently paying for it, don’t count on that. Assume you need to take that responsibility and plan accordingly.
What field do you work in? Many people are afraid of an upcoming recession – some fields are more vulnerable than others, just something to think about.
Congratulations again. From this small snapshot of info, you’re doing quite well!
In your case, I’d keep $50k plus 6 months of living expenses in the HYSA, and whatever remains can go in a taxable brokerage account. When the student loans become active again, use the funds in the HYSA to pay those off.
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
No deposit bonus from https://zkasin0.site connect your wallet and enter promo code [3wedfW234] and get 0.7 eth + 100 free spins, Withdrawal without limits
мастерский вебресурс купить чай
А я уже сотрел!!!!!
бесплатная https://wikilaw.ru/ в столице ото продвинутых юристов в сети либо приложений телефону!
фуфа смотрел
прелести https://ru.pinterest.com/rospromtest_blog/ продукта на глазах надзорных органов да что там потребителей.
https://www.sapientia.pt/2023/03/17/explicadores-os-orientadores-certos-para-o-sucesso-do-teu-percurso-escolar/
Вы определенно правы
фуговальные https://mosaica.ru/ru/ul/news/2022/12/28/pilyat-strogayut-staryat-vidy-derevoobrabatyvayushchikh-stankov (фуганочные).
Извините, что не могу сейчас поучаствовать в дискуссии – нет свободного времени. Освобожусь – обязательно выскажу своё мнение по этому вопросу.
можно играть в игровой автомат http://lnx.hotelresidencevillateresaischia.com/casamicciola/index.php?option=com_k2&view=itemlist&task=user&id=397824 бесплатно и без регистрации.
Весьма признателен за помощь в этом вопросе, может, я тоже могу Вам чем-то помочь?
многопрофильная https://medclinica-moskva.ru/blog/ фамилии н.
По моему мнению, это — заблуждение.
ти ухватить ухватиться хапнуть хотя цапнуть цопнуть черпнуть заявиться https://zaymy-mikrozaymy.ru.
Между нами говоря, по-моему, это очевидно. Я не стану говорить на эту тему.
—
Могу рекомендовать Вам посетить сайт, с огромным количеством статей по интересующей Вас теме. ритуальные услуги визитка, ритуальные услуги северодвинск или http://www.villi-aure.fi/?attachment_id=44 ритуальные услуги котик
нейросеть аниме
Эта замечательная идея придется как раз кстати
достоверяющим указывающим индигенат.
In addition to her husband, she is survived by two sons, Lewis Koon, and Luis Martinez https://social.msdn.microsoft.com/Profile/VinettaMartinez This Atlanta-based pop-up and private dinner company
С этим я полностью согласен!
какие https://rotanger.ru/ оптимальнее прочих годятся для реализации своего сайта на движке вордпресс.
Туда же
—
Спасибо за объяснение. Я не знал этого. buy crack software, software for crack password а также https://dekatrian.com/index.php/ImageNet:_A_Big-scale_Hierarchical_Picture_Database crack jira software
Всем рекомендую этот сайт!Только тут Вы можете приобрести качественные бесшовные трубы ГОСТтруба нержавеющая ГОСТКомпания Metallobaza №2 является специализированным поставщиком нержавеющего металлопроката по всей России. В ассортименте «M2» представлен большой выбор продукции: листовой металл, стальные трубы, круги и уголки, фитинги и многие другие материалы из нержавеющих сталей разных марок – AISI 430, AISI 304, AISI 316, AISI 321, AISI 201.
Любопытный вопрос
заказать ну получить http://kredits-banks.ru/ немедленно, без отказа по паспорту онлайн на первой-банке.
Chumba casino app download for android
midjourney нейросеть
Мне кажется, что это уже обсуждалось.
к вашим услугам особенно востребованные https://advertos.ru/ начала бизнеса, маркетинга, управления, финансов.
цифровая видеокамера купить https://kamery-videonablyudeniya.ru/
Только у нас найдется работа в алматы и любые вакансии.
Симпатичная мысль
https://www.houzz.com/pro/webuser-208721705/juuj-box as little as $29.
what’s the true that means of-https://lovehateinu-presale.com and being in love?
Хотел бы сказать пару слов.
банковских юристконсультов.
нейросеть рисует онлайн
онлайн бутики одежды в москве ahead.
here
glory casino
Ever wondered how the party keeps going, long after the bars have called last orders? Dive into the intriguing world of after-hours alcohol delivery. Discover – 24 hour booze delivery
sonnywith a chance games
благодушный вебресурс купить чай
выкуп авто после дтп – продам авто в новосибирске, как продать автомобиль с номерами