zlacker

A fine time to acknowledge Scott Adams’ remarkably simple and clear financial advice: https://www.mattcutts.com/blog/scott-adams-financial-advice/

I think it is pretty good.

You can, of course, debate it - and HN being HN people probably will.

>>stevos+(OP)
Here it is, unabridged

    Make a will.

    Pay off your credit card balance.

    Get term life insurance if you have a family to support.

    Fund your company 401K to the maximum.

    Fund your IRA to the maximum.

    Buy a house if you want to live in a house and can afford it.

    Put six months’ expenses in a money market account.

    Take whatever is left over and invest it 70 percent in a stock index fund and 30 percent in a bond fund through any discount brokerage company and never touch it until retirement

    If any of this confuses you, or you have something special going on (retirement, college planning, tax issue), hire a fee-based financial planner, not one who charges you a percentage of your portfolio.

>>emil-l+p8
70% in a stock fund is extremely risky if you are close to retirement. You will not have fresh income to dollar-cost-average your way back into the black in the event of another market crash.