We get 5% on our Flourish account* Archived Message
Posted by longsnapper on January 17, 2024, 10:31:43, in reply to "Was looking at SoFi and Discover.*"
Previous Message Previous Message I have SoFi and there’s a no fee transfer to my main bank (plus it has its own debit card), so it’s as accessible as it can be. I assume others are similar. Previous Message I have some cash that I'll use to supplement payroll income for my annual budget. I have distribution income, also, but don't know exactly when I'll take it or how much it will be, so I set aside cash. I'm using it to supplement because I'm maxing out my companies match - 50% up to 60% of my salary. So dumping 60% of my salary into the 401(k). I don't necessarily want the cash sitting in my checking account but it does need to be accessible. Is there anything other than a high-yield savings account with no fees or penalties for withdrawals that would do the trick? I thought about staggering some short-term CD maturity dates but the interest isn't as good as the savings account. Anything else? Am I missing something? Overthinking it? Not coincidentally, looking for some recs on local financial planners. Ready to move my business.
|
Message Thread: | This response ↓
- Deuce personal finance whizs... - Tuscy January 17, 2024, 10:17:50
- Wheat kind of return can you get with hookers and blow?* - timmer January 17, 2024, 16:31:32
- actually helpful* - reggiedunlop January 17, 2024, 14:34:21
- Isn't there a max on 401k contributions? How do you get around that?* - Philo January 17, 2024, 11:11:04
- SPRXX current yield 5.07%. Savings accounts are for losers* - Stu January 17, 2024, 10:47:33
- There are some money market accounts, some with checking and/or ATM access, around 5% - RSMBob January 17, 2024, 10:46:35
- I’m getting 4.35% from my savings account at Ally. 4.70% at Personal Capital.* - ATL January 17, 2024, 10:43:41
- How local does the financial planner need to be? - EffinIllini January 17, 2024, 10:37:01
- Not a finance whiz, but accessibility and stability to me reads high yield savings account - snipes824 January 17, 2024, 10:22:24
- Check out Axos & Flourish.* - longsnapper January 17, 2024, 10:20:43
- crypto* - Sounder January 17, 2024, 10:20:37
|
|