victoryforever
New member
I have about $40k in liquid funds in a HYSA earning 4.35% interest. Currently have no debt - no school debt, CC debt, car loan, no mortgage, etc. Making around $75k a year. Net worth about $65k including 401k and Roth IRA.
Anyway, I have been maxing out my Roth IRA in 2022 and 2023 and currently have around $14,750. I recently scheduled a transfer of $7,000 from my HYSA to my Roth IRA for the 2024 contribution period. I have no idea why I think that because my savings account decreased by $7,000 and I now have $30k in there, it won't be enough of an emergency fund or I won't have enough to buy an investment property which is my goal eventually. I know everyone says always max out your Roth IRA and I always do, but sometimes I wonder if what if I don't make it to 59 1/2 and invested for nothing.
Just wanted to rant, I will continue maxing out my Roth IRA every year. Just feels weird. Maybe I'm just weird lol.
Anyway, I have been maxing out my Roth IRA in 2022 and 2023 and currently have around $14,750. I recently scheduled a transfer of $7,000 from my HYSA to my Roth IRA for the 2024 contribution period. I have no idea why I think that because my savings account decreased by $7,000 and I now have $30k in there, it won't be enough of an emergency fund or I won't have enough to buy an investment property which is my goal eventually. I know everyone says always max out your Roth IRA and I always do, but sometimes I wonder if what if I don't make it to 59 1/2 and invested for nothing.
Just wanted to rant, I will continue maxing out my Roth IRA every year. Just feels weird. Maybe I'm just weird lol.