Good day All,
I'm 28(M) I currently make an average of 55k a year. I'm doing my research now to re-organize my portfolio. I planned on opening an account with a Fidelity ROTH IRA with a max contribution of 5-7k each year. I contribute about 500-600 a month on my brokerage now since I'm learning about ROTH (I should've opened a ROTH first) but will probably reduce to a minimum and instead fund my ROTH.
Currently:
50k - 401k 9% Contribution and 5% Company Match
27k - Individual Brokerage with Robinhood just on 80% VTI and 20% VXUS (I only started in 2022 and I started VXUS the start of 2025 most of the fund is currently on VTI)
50k - Liquid Cash (I was planning to get a car/house soon and drop a decent chunk for DP) will use about 7k from here to open a ROTH.
I currently still live at home with shared expenses of about 1.3k for now but I assume that it will change in 3-5 years (Living Expenses, Car, Insurance and Food). So I'm trying to invest it now while possible and keep it long term.
I know I'm holding a huge chunk liquid and not being invested but I'm trying to keep it at around that number just in case.
Let me know and I'll hear out your opinion.
Thanks!