You do realize that money market and high yield savings aren't what we mean by "in the market," right? Your Vanguard 2060 target fund will see much higher gains in the long term than a savings account of any kind. So yes - your emergency fund should go in something easily liquidated (my recommendation was Ally, but Vanguard is also good).
You should still have tens of thousands of dollars available to invest in the stock market. Have you had a chance to read the investment order post I linked?
Alright tentative plan so far:
working with say 65k
14K (roughly 1 year expenses) in emergency funds (cd/savings/etc)
10k in business checking/assets for work
5500 going into Roth this year still
so it leaves me 35k to allocate between 401k/Backdoor Roth/debt pay down.
Right so step 0: check. Have it cash. Need to redistribute in money market/high yield/cds/treasury bonds. It mentioned the most common need for it was unemployment. Being self employed in the market I'm in should mitigate that risk considerably which allows for less cash allocation more cds/bonds.
1: I can match as my own employer and employee but it's all coming out of my pocket regardless so....skip?
2: my current mortgage is really my only interest debt-it's variable with the federal prime rate so skip (5.25%<8%)
3: I don't have a HSA-this is my last year under fathers insurance
4: First real step of work-max my Roth for 2018 ($5500 remaining after my initial $500 payment)
5:I don't have a 401k and the fees are not less than my vanguard-although they might be just as low. I suppose this could be step 2 as I have the means to max my 14k contribution.
6: Reading into this backdoor Ira
7:my 5.25% is still under the 5.75% (treasury yield +3%) although it is pretty close (start paying down)
So my student loans of 13k start accumulating interest this July at 3.8/9%. My house is around 120k is 5.25%. Both of these numbers are less than the pay down suggestions in the steps. Does this mean I should open the 401k/full match/backdoor ira/529 and if any is left over make extra payments to debt?