Apologies in advance if the backstory is unnecessary but I’ll keep it condensed either way.
About 2 years ago I (33) started a new individual brokerage account when I realized indexing is a solid MO. I did very well until alcoholism emptied my account. Now that I’m sober and doing the right things I’m finding myself starting over financially.
Key factors:
\- New lifestyle included massive pay cut at work
\- 150 to contribute weekly
\- Work offers 4% 401k match
\- Opened a Roth but nothing in it yet
\- DCA in individual brokerage
\- “Emergency Fund” in SGOV in brokerage
So far I’m thinking that since my wage won’t allow me to max either my Roth or 401k, I should meet the match in the 401k and move my brokerage to the Roth for contributions. Lastly, keep the tax exempt SGOV in the brokerage as a growing emergency fund.
Thoughts? Adjustments? What haven’t I considered? Any advice helps as the research I’ve done independently has too many moving pieces for my amateur mind.