I would find a financial advisor that I trust to help me invest it. But just like with any professional, you should expect a financial adviser to want to be paid for their advice.

Some of the guys who have posted on this thread believe they can do it better than an advisor. Maybe they can - but what matters is what you are comfortable doing for yourself. If you are uncomfortable doing your own investing, then it would be wise to seek the professional advice of someone who can help you.

There are good advisors and bad advisors out there - just like with any service provider. Do your due diligence. Ask your friends and family who they use.

26.2 = Donald Trump?

oh, sorry. Uh, I'd tell you what I'd do with a million bucks man. Two chicks at the same time. /B&I Board.

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I'll ask the dumb question.

If 401k (and I assume Roth IRA) both have such high fees, are you better off only contributing to company match in 401k and investing anything else in low fee funds?

Everyone recommends 401k, then Roth IRA, then HSA, then Vanguard due to taxes. However, if you are losing so much to fees, is it better long run to invest in low fee funds that aren't tax exempt (IE you are taxed more, but have more overall due to lesser fees building a bigger nest egg)?

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Most everyone recommending 401k, Roth, then HSA is wrong unless your goals warrant it. I am saying most should do the HSA before the Roth. It does depend.

Most 401ks do have a lower cost option. Also, most have to have decent performing funds, so try to get ones that outperform their index to help justify that cost.

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Everyone also assumes you can do an HSA and you don't need to spend any of the money on actual healthcare. Personally I would spend every dime and then some if I did a high deductible plan with an HSA. Instead I have a low cost PPO I am extremely thankful for from my employer.

So I would say 401k to match, Roth IRA, and then max 401k and then invest outside of retirement accounts.

I wasn't assuming, but more and more do have HSAs. You do have to spend it on heath care, but it can be spent on any health care - even previous years. If used like a retirement account (invested for long term), you will have plenty to spend it on.

Health insurance premiums before Medicare. All dental and medical issues that most 65+ yr olds have. etc. (Hearing aids, lasik).

The bottom line is most people on here categorize folks into their own situation. Reality is that everyone is different and should have a plan that fits their needs and wants. Saying 401k to match then Roth is still too vague.

Good to hear different opinions from lots of sources - and thank you for all of it. Looks like I'll be paying off the last student loan as rapidly as possible (making me totally debt-free), while simultaneously trying to max out the Roth IRA. I'm in a lower-tax bracket at this point and am constantly thinking of opening a business of some sort down the line.

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I wasn't assuming, but more and more do have HSAs. You do have to spend it on heath care, but it can be spent on any health care - even previous years. If used like a retirement account (invested for long term), you will have plenty to spend it on.

Health insurance premiums before Medicare. All dental and medical issues that most 65+ yr olds have. etc. (Hearing aids, lasik).

The bottom line is most people on here categorize folks into their own situation. Reality is that everyone is different and should have a plan that fits their needs and wants. Saying 401k to match then Roth is still too vague.

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There's also the possibility that you aren't even eligible for a Roth account.

Backdoor Roths are completely legal if you earn too much for a plain old IRA.

https://www.federalregister.gov/articles/2016/05/18/2016-11647/removal-of-allocation-rule-for-disbursements-from-designated-roth-accounts-to-multiple-destinations

You can also pay a fee-only advisor to put a plan together for you and use whatever vanguard/no load funds you want.

Then you can pay him again when something changes and you need to update.

The can do the investment management for you too if you wish, but that's not required.

The financial services industry is really seeing growth in that platform, and there are some low cost options out there.

The OP's situation may not require an advisor. But saying "everyone doesn't need an advisor" is ridiculous. Putting together complex employer retirement plans for business owners and detailed estate plans might require more knowledge than what you get from dialing a 1-800# at vanguard.

Every situation is different. Good luck!

1. Make sure you are working with someone who hold themselves to the fiduciary standard.

2. Work with a financial coach and not a planner.

The problem with all the online aggregators, is they can not help you stay prudent in up or down markets. Investors that trade based on their emotions, will usually lead to portfolio destruction. That's the value a coach can bring to the equation.

It comes down to finding an advisor that is supplying a benefit that justifies that additional cost. Just like any service industry, you could in theory save money by doing it in your own. You could google it and build anything now a days. Or You could save some money doing all of your own vehicle maintenance. Although I am capable of fixing the majority of problems myself, I would rather know from a professional I am getting the most out of my vehicle. And it also comes down to time and trust after that. I have 1000 other things to spend my time on. Having someone handle your finances is the same concept.
Now unfortunately there are a lot of advisors that aren't transparent with their clients, but just like picking the trusted mechanic to work on my ride - I would do some research and meet with someone face to face.
Find someone you are comfortable with knowing they truly have your best interest, and let them take the time to research and get a whole plan that secures and builds your hard earned money. Also be cautious of any advisor that throws rediculous return numbers at you, because those won't be sustainable and he is just trying to get your money.

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If you are looking for short term investing, but don't know where to begin...where do you begin?
My retirement accounts are doing okay..I don't necessarily need to keep pouring as much as I have been into that..I'd prefer to look at growth in income and I have a bulk $$ to that. No clue where to start and huge fear of being the investor that Buffalo just referred to.

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Start a side hustle--this can be anything. Or buy a rental property or start lending out money to other investors. Don't get involved with a Ponzi or MLM scheme. Don't contribute less than 10% of your income to retirement accounts to do these. Get other people working for you.

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I wasn't clear. I have money that I need to invest. I don't think it is prudent to invest it all in long term...as my retirement accounts are already pretty flush for someone of my age. I would prefer to use that money for short term investments and things with more immediate ROI.

If you woke up one day and had extra money, no debt, and an already healthy retirement portfolio, what would you do?

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i would add it to my long term portfolio

the more you can plump it up with the younger you are will lead to the greatest returns

time is of the essence

My long term is plump. :/ and will get plumper. There are investments there that are long term and yay for that. I'm still doing the Roth and the ira and all that + other stuff.

The figure that I have right now I would rather find a way to invest it that would be more short term/create subsidiary income/affect QOL sooner rather than later.

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The figure that I have right now I would rather find a way to invest it that would be more short term/create subsidiary income/affect QOL sooner rather than later.

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Invest in yourself. Nothing will offer a greater ROI than taking steps that significantly increase your earning potential.

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My long term is plump. :/ and will get plumper. There are investments there that are long term and yay for that. I'm still doing the Roth and the ira and all that + other stuff.

The figure that I have right now I would rather find a way to invest it that would be more short term/create subsidiary income/affect QOL sooner rather than later.

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yep
diff trains of thought and pathways for you to go

what I personally would do is continue to beef up my longterm, as much as possible, just to take advantage of the longterm compounding.

for the more short term results you seek, i will hang up and listen along with you.

Pretty funny stuff. He screwed up on the commercial though. The ribbon doesn't run out when you die, it runs out when your money runs out in retirement. It's a commercial for a guaranteed income stream product.

This is just ridiculous. Not everyone needs an advisor but paying an advisor is well worth it for some people. Those saying no one needs an advisor are harming those who lack knowledge and don't have the resources to manage their own account and would benefit from professional advice.

I would be interested to know the truthful responses for everyone who sold at the bottom and bought at the top because they were emotional and got out/in at the wrong time rather than just leaving it alone. Easy to say what the return would be over the long-term but when you lack information, resources and experience you will make mistakes. When the news makes it seem like the world is coming to an end while your co-workers tells you he is selling and you see your account down 10%, lets say $100,000 of a $1,000,000 account, in a typical correction you sell everything right as it is rebounding and don't get back in until after the market has recovered.

Just think of everyone who stayed in cash because they were scared of Obama, scared from some email they received or listen to some radio commercial... They are either down with gold, missed all the great returns of the market.

That doesn't even factor in a financial planning. Completely agree there are bad advisors out there that give everyone a bad name but do your research and find someone you trust.

Lots of vowels on their team.

Advisors and real estate agents =$$ for no value add

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Advisors and real estate agents =$$ for no value add

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For some people. For a lot of people this is completely untrue

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Advisors and real estate agents =$$ for no value add

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What a load of horse****. Just because some advisors and real estate agents don't add value doesn't mean that applies to all. It simply depends on how complicated your situation is.

What really =$$ for no value add is all those trading commissions and taxes you pay due to portfolio turnover while trying to beat the market as a trader.

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Advisors and real estate agents =$$ for no value add

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I had some bad food the other night when we went to a restaurant. All restaurants are all bad and everyone should stop eating at them.

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Advisors and real estate agents =$$ for no value add

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lol. Congrats on one of the dumbest statements I've seen on texags. Another do-it-yourselfer thinking they're a financial genius. Not everyone has the time, resources, commitment, or intellectual ability to manage their own money like you.

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I 1. Make sure you are working with someone who hold themselves to the fiduciary standard.

2. Work with a financial coach and not a planner.

The problem with all the online aggregators, is they can not help you stay prudent in up or down markets. Investors that trade based on their emotions, will usually lead to portfolio destruction. That's the value a coach can bring to the equation.

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Someone like www.wynnewealth.com?

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When I wanted to invest my capital, I consulted with the professional financial advisors from linkagemind company. They knew how to pick the right investment plan for me. I remained pleased with their service. So, you can contact them too!

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Sounds like a ground floor opportunity. Can you tell us more about what right investments they picked for you?

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My long term is plump. :/ and will get plumper. There are investments there that are long term and yay for that. I'm still doing the Roth and the ira and all that + other stuff.

The figure that I have right now I would rather find a way to invest it that would be more short term/create subsidiary income/affect QOL sooner rather than later.

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yep
diff trains of thought and pathways for you to go

what I personally would do is continue to beef up my longterm, as much as possible, just to take advantage of the longterm compounding.

for the more short term results you seek, i will hang up and listen along with you.

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What I would really like to do is look for start ups to do small(ish) silent investments on.

I'm invested in a brewery up in Des Moines that is doing well so far..(I wouldn't begin to think of investing in another one in Texas, the market is far too saturated) and I would like to find other opportunities like that, where I can buy/hold IPO startups.