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  • fyoucher10

    I'm not an expert in this shit but here's what USAA (who I use for almost everything) has recommended/created for me:

    SEP IRA in which it automatically contributes to two mutual funds every month (one moderate and one high risk). Then, if possible, I max out my SEP IRA come tax time, or add as much as I can in.

    Have tiered CD's for Emergency Fund (a way to take out loot if necessary but where it's not stocked away until I retire. Rates suck right now but still better than a regular old savings account)

    Have a separate Brokerage account for my daughter (saving for car, wedding, that type of shit).

    Have a separate business savings account where every biz check, a third goes to for taxes.

    529 Plan which automatically deducts for my daughters college tuition every month.

    Have a separate Personal Savings account, where I add 10% of monthly income towards it (The Shit-hits-the-fan Emergency Fund, Vacations, misc shit).

    Separate business checking account (biz-related expenses, deposit client checks) and personal checking account (whores, weed, crack cocaine, shit like that). Mainly just have enough for three months worth of bills at a time in Checking. If I have more in there, I send it to CD's or my daughter's savings.

    fyoucher1 0Permalink
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    • Didn't know about ER Funds...!!! Will look into it. Super informative, taking note, txohhhhhsnap
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