Wow, thank you so much for the detailed response! I have actually been looking into Three Fund Portfolio , and that is where I got FZROX, FSKAX, and the rest from! I will follow the 60/40 split you are referencing (Total Market and International) but was wanting to ask how much you believe I should invest into my Roth IRA. I have 6k total in savings and no real expenses besides food, gas, and my shopping expenses (which are all quite negligible). I only ask this as I assume you are using the 1k total as a reference rather than an actual example of what I should be doing (unless that is what you are recommending, and in that case that it sounds fine to me!)
Finally, would you recommend me only opening and investing into a Roth IRA, or also opening a brokerage account? I only ask this as I never hear anyone talk about brokerage account, and I am assuming not everyone is JUST investing into a IRA. I would also assume you would follow the same approach, as in investing into index funds, specifically the ones I have listed. Again, I truly thank you for your response!
Forgot to mention that I've actually been reading JL Colin's Simple Path to Wealh. I just started yesterday and I'm around 60 pages in! I'll give the other books a shot as well, thank you very much!
BeltedHarpoon OP t1_je8zeca wrote
Reply to comment by Pass_Little in Advice for an overwhelmed 18-year-old! (Roth IRA's and more!) by BeltedHarpoon
Wow, thank you so much for the detailed response! I have actually been looking into Three Fund Portfolio , and that is where I got FZROX, FSKAX, and the rest from! I will follow the 60/40 split you are referencing (Total Market and International) but was wanting to ask how much you believe I should invest into my Roth IRA. I have 6k total in savings and no real expenses besides food, gas, and my shopping expenses (which are all quite negligible). I only ask this as I assume you are using the 1k total as a reference rather than an actual example of what I should be doing (unless that is what you are recommending, and in that case that it sounds fine to me!)
Finally, would you recommend me only opening and investing into a Roth IRA, or also opening a brokerage account? I only ask this as I never hear anyone talk about brokerage account, and I am assuming not everyone is JUST investing into a IRA. I would also assume you would follow the same approach, as in investing into index funds, specifically the ones I have listed. Again, I truly thank you for your response!