Where To Put My Excess Money? Roth? 401(K)? Emergency Fund?

It’s taken almost a year, but now every stray dollar that is associated to my name is now in my possession. This thanksgiving I picked up a few bonds and stock certificates that I ‘owned’ but didn’t have in my possession. Now, the question is where to allocate this ‘found’ money?

401(k), Roth IRA, Emergency Fund, Brokerage Account? There are so many options and all are viable vehicles that could use an influx of cash.

This decision comes down to priorities. Next year I may be able to max out my 401(k) and get my bitchin’ employer match, but if I do this, it’s likely I will not be able to fully fund the Roth. At the same time, my emergency fund is only around $3.7K. I never set a specific goal, but $10K sounds appropriate so I will need a boost to get there within the next year.

When you have excess money, what is it you do?

I think I will be looking at cashing in the bonds to boost my emergency fund. I may have to run the numbers to make sure this is wise though. 2010 is quickly approaching and I have yet to calculate my expected costs. Until that is done, I can only make some assumptions as to what is best.

Of course, my colleagues in the Personal Finance world will be happy that I have finally come around on an emergency fund after so boldly claiming that I didn’t need one several months ago.

Lastly, December looks to be an exciting month as it is a three paycheck month at my day job. It looks like that emergency fund will be getting at least one boost this month.

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Where To Put My Excess Money? Roth? 401(K)? Emergency Fund?

It’s taken almost a year, but now every stray dollar that is associated to my name is now in my possession. This thanksgiving I picked up a few bonds and stock certificates that I ‘owned’ but didn’t have in my possession. Now, the question is where to allocate this ‘found’ money?

401(k), Roth IRA, Emergency Fund, Brokerage Account? There are so many options and all are viable vehicles that could use an influx of cash.

This decision comes down to priorities. Next year I may be able to max out my 401(k) and get my bitchin’ employer match, but if I do this, it’s likely I will not be able to fully fund the Roth. At the same time, my emergency fund is only around $3.7K. I never set a specific goal, but $10K sounds appropriate so I will need a boost to get there within the next year.

When you have excess money, what is it you do?

I think I will be looking at cashing in the bonds to boost my emergency fund. I may have to run the numbers to make sure this is wise though. 2010 is quickly approaching and I have yet to calculate my expected costs. Until that is done, I can only make some assumptions as to what is best.

Of course, my colleagues in the Personal Finance world will be happy that I have finally come around on an emergency fund after so boldly claiming that I didn’t need one several months ago.

Lastly, December looks to be an exciting month as it is a three paycheck month at my day job. It looks like that emergency fund will be getting at least one boost this month.

4,014 Responses to Where To Put My Excess Money? Roth? 401(K)? Emergency Fund?
  1. for more information
    November 13, 2018 | 5:58 am

    Thank you ever so for you article post. Want more.

  2. business listing
    November 13, 2018 | 7:15 am

    Thanks for sharing, this is a fantastic blog.Much thanks again. Much obliged.

  3. fake id reviews
    November 13, 2018 | 9:35 am

    I was looking for this particular information for a very long time.

  4. Toronto Limo Service
    November 13, 2018 | 11:47 am

    I used to be able to find good information from your blog posts.

  5. vehicle warranty
    November 13, 2018 | 12:44 pm

    This is very I will invite all my friends to your blog, you really got a great blog..-,:,

  6. academic writing
    November 13, 2018 | 1:24 pm

    It as hard to find experienced people on this topic, however, you sound like you know what you are talking about! Thanks

  7. Dr Kassabian
    November 13, 2018 | 2:51 pm

    here are some links to web sites that we link to due to the fact we feel they are worth visiting

  8. Very informative blog article.Much thanks again. Want more.

  9. House & Home Improvement
    November 13, 2018 | 9:17 pm

    This is very interesting, You’re a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your excellent post. Also, I’ve shared your website in my social networks!

  10. What is Home Service
    November 13, 2018 | 10:10 pm

    I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this best doc.

  11. Renovation Costs
    November 13, 2018 | 11:49 pm

    I want to express thanks to the writer for bailing me out of this situation. Right after surfing through the world-wide-web and seeing principles which are not pleasant, I was thinking my life was over. Living without the presence of solutions to the difficulties you have solved all through your article content is a crucial case, and those that would have negatively damaged my career if I hadn’t come across your web blog. The ability and kindness in taking care of a lot of things was tremendous. I’m not sure what I would’ve done if I had not discovered such a point like this. I can also at this point look ahead to my future. Thanks a lot so much for the high quality and result oriented guide. I won’t think twice to recommend your blog to any person who requires guidance on this subject matter.

Trackbacks/Pingbacks
  1. ivf specialist doctor in delhi
  2. Home insurance quotes
  3. تبلیغات کلیکی
Leave a Reply


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