Hey all,
Relatively new to the MMM way of life. Looking for some investing advice. Here's the rundown on my situation:
-Current company 401K balance of $5k-I contribute 10% of my income and company matches 7% (w/ $70k annual income, that means roughly $12k per year contribution)
-ROTH IRA balance of $8k with Betterment
-Emergency fund of $10k
-Additional savings of almost $30k (thought we'd save it up for a down payment on a house but we scrapped that plan. Now that money is just sitting in a regular savings account with Wells Fargo)
-After all expenses, monthly surplus is anywhere from $1000 to $1200
-100% debt-free
-28 years old, would like to retire around 50 yrs old
My questions are:
-Should I keep my ROTH in Betterment or move it somewhere else?
-Should I contribute to my ROTH and if so, how much of my current savings should I contribute?
-Should I open another investment account with Betterment and if so, how much of my current savings should I contribute?
-Should I open an account with Vanguard and if so, how much of my current savings should I contribute and where should I allocate the funds?
Basically, just trying to figure out where my current savings should be allocated and how much I should leave in my normal savings account. Thanks for the help-looking forward to the responses!