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Okay that's kind of a relief. Sounds better than withdrawing from my 401k account.

Depends if you are selling for a gain or loss. Nothing will be due when you sell for tax. There are no penalties in taxable accounts. If selling for a gain, you will either have long term or short term capital gains tax due. If selling at a loss, there is no tax due and you can claim up to 3000 in a tax deduction, net of offsetting gains.

Just withdrawing cash from the account is not a taxable event.

Those don’t have penalties. Taxes depend on your gain or loss

Lol the user's posts from the last day are all essays but before this month were all short sentence responses!

Individual taxable account.

Individual taxable account.

It's an individual taxable brokerage.

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So is it in a taxable brokerage, Roth IRA brokerage, traditional IRA brokerage? What is the tax status of the account. You have not answered that, and that is the most critical piece of information.

Banks and CUs: https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions

Literally doesn’t matter who you pick. Don’t get bogged down in minutia

Try sankeymatic dot com

Oh. I guess I’m overwhelmed with approaching it. Do I have other options other than a HYSA? If I were to do with a HYSA how do I know which is the best to pick?

You buy funds inside of accounts. What type of account is it in?

I believe the amount you contribute to a Roth IRA can we withdrawn penalty-free at any time. If you plan to retire a few years early, maxing a Roth IRA and funneling any excess into a regular brokerage account is the way to go. You'll want to leave your 401k alone until you reach traditional retirement age.

So where do I store my ‘emergency fund’ exactly? Like a HYSA? I’ll match my 401k no problem. I have no debt. Do I really want to put money in a Roth and can I pull that out at anytime?

Yes. What’s hard to understand?

dealers will jack the prices up Jan 1. They can charge more due to the credit so they will!

I have a brokerage account. All my money went into the S&P 500. It's all stocks.

35k compounding from post college plus potential no debt would definitely be a start.

We net 10k per month and our mortgage/taxes/insurance is $2205/mo. Daycare is $3090 (includes 2 at full time and 1 before/after care)

I’m still hourly.

That emergency fund stuff is tough for me to understand. So is that a HYSA?

Here's a link to the PF Wiki for helpful guides and information.

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Generally the order is:

• emergency fund (3-6 months of expenses)
• get any 401k match your employer offers
• pay off high interest debt (roughly 5% or more)
• max out Roth IRA
• increase 401k contribution until you’re contributing at least 15% of your income to retirement
• save for longer term goals (like that house)

You can see the prime directive in the subreddit wiki for more info.