TVKNSC wrote:I have $15,000 (emergency fund) in ING that I would like to move to a very liquid, conservative investment. Obviously ING isnt doing that well. Is a bond fund a good option due to its' level of aggression?
FinancialDave wrote:As far as emergency fund I would NOT "invest" it. That is not the purpose of it.
TVKNSC wrote:Much apprecaited and good copy on keeping the emergency fund in ING. I have around $5,000 in my TSP, but like I said, the non-matching and little amount I put in makes me wonder if I am wasting my time.
Financial Dave = why are you so big into the TSP? I understand the tax-deferred piece, but I am failing to see the big advantages with it. I am somewhat happy with TSP in the 2040 fund, so maybe I dont want to pursue other options.
After further research, any opinions about possible moving the $20,000 in ING into a combination of the following:
Wellesley or Lifstyle Moderate Growth
Vanguard Total Stock Market Index Fund
Vanguard Total International Stock Index Fund
Vanguard Total Bond Market Fund
I am probably coming across as a newbie, but I really am doing research to see if I would be getting involved in too many funds or not. I would prefer one fund if it hit all the key areas. Keep in mind my $15,000 emergency fund is separate from the other $20,000 that I am looking to invest.
Dandy wrote:ING has had its day. I used it briefly but other competitors are providing great service and better rates. Ally and Discover bank and Pen Fed Credit Union to name a few. They would be good choices for your emergency fund. Of course the key for an emergency fund is that it is safe and liquid -- but why leave $ on the table when there are better choices.
This will help in getting a clearer picture of my situation:
Emergency funds: Yes. 6 months worth
Debt: school loan = $12,000 (2.9%), school loan = $10,000 (6.8%), car loan = $17,000 (1.9%). I am looking to pay off the loan at 6.8%. ,
1. Based on above, where do I invest the $15,000?
Even if I max out my TSP and both our ROTH IRAs each year, we still have about $10,000 per year that will need to go into a non-retirement account. Should I just stick with the Wellington for that? I dont want to overlap other accounts or pay unnecessary fees.
I appreciate all the feedback i've gotten!
Users browsing this forum: skibum, Yahoo [Bot] and 33 guests