You are vested, it doesn’t matter when Fidelity gets their records updated

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• Debt

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That's very straightforward. Thank you!

You're in an enviable position, and have obviously identified what works for you.

> Making good interest on investments requires knowledge that the average person doesn't have.

This sort of is, and isn't, true. Investors today have access to incredibly inexpensive stock, bond, and asset allocation mutual funds and ETFs that require, at most, a couple of hours of research at the outset.

However, the average investor's returns tend to be much less than the returns of the investment funds they choose. How is this possible? Because the average investor tries to move in and out of specific investments (market timing) to maximize investing results, which 90% of the time reduces net results.

Good stuff. It sounds like a great situation.

I was kind of lucky too that I bought an affordable house (with mortgage) in 2018, with rates of 5%, that I was able to refinanced down to 3% in 2021. While it's not paid off, the mortgage payment is half of what the rent in the surrounding areas are going at.

Happy for you and paying off anything will obviously create more wealth. Nobody would ever say it’s bad. That said as an alternative story:

2016 - Built a new home for $440k. Getting married within 2 weeks of settlement so not fun timing but early new construction so good buy. I could have sold our $160k condo to avoid PMI (Only 10% down) and reduce payment stress but kept to rent. 2017 - new jobs household income up $40k. Early 2018 - paid off condo now our mortgage is as cheap on home as condo was thanks to rent cash flow. Late 2018 - Appraise home to remove PMI ($525k)

Now since then we could have paid off main home. Instead we bought several more traditional rentals (15 year mortgages) and one STR just last year. Net worth is up seven figures on properties alone and we bring in about $65k a year in cash flow. That cash flow is driving more investments.

Anyway both paths free up money/wealth. But investing tends to lead to compounding. And since my main mortgage is 3.25% never paying it off - I’ll let it run until all 30 years are done. Well we will probably only hit 25 years since I want to sell around 55 and build a custom 1st floor only home.

It doesn't need to be a notarized document - just a signed form would do. Easy to draft, scan (or use an e-signature), and store electronically.

But accurate record keeping is the most critical part (including of your employer and employee contributions).

I'm sure you can ask your provider for whatever primer they have. It isn't difficult in the sense of being hard, but it does require diligence.

Yeah, lying and fraud can never come back to bite you, just ask Congressman Santos.

Excellent story. I am able to pay off my mortgage too. But I choose not to. I refinanced around a year ago to a 20 yr loan at 2.5%. I have a large amount in a savings account earning 4.35%. If my mortgage was a higher interest I would consider paying off. But with rate on it so low. Hard to take the plunge. Interest rates on savings and cds are at decade highs. Only downside is interest is taxed as ordinary income.

Timing helps too. I bought my first house in 2011 too, then moved in 2015, again in 2018 to my final house. I'm not paid off, but I refi'd at the right time during the pandemic and got locked into a 15yr at 2.1%. I have a boat load of equity because of just my luck in the market. I look forward to no mortgage payments!

Good job!

• cost me $50 to incorporate a not for profit in Illinois with the state, I did all the paperwork online with the state. EIN is free and done online portal with IRS. Boiler plate bylaws you need if incorporating, not so much for LLCs
• $50,000 to create a business entity is bullshit

No. In your bedroom, you signed and dated a post-it in 2022, saying how much you were going to defer. As long as the plan was established in 2022, you can make employee contributions.

There are 5% CDs for 11 mos and just found one for 5.15 for 12 mos. Look at online banks, make sure fdic insured. CFG and Capitol one CDs are both higher than HYS.

I would split the money in two:

Half in a 2-year Treasury note - example CUSIP 91282CDZ1 yielding 4.803% to maturity on 2/15/2025.

Half in a money market mutual fund - example SWVXX or VMFXX, yielding 4.5% currently.

The T-note locks in a decent return, should interest rates fall in the next two years. The MMF on the other hand will quickly increase in yield if interest rates continue to rise. By holding both you have an interest-rate neutral holding yielding significantly more than your HYSA.

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Sounds like you're already on the right path! Money needed in the next 3-5 years should not be in the stock market, so find the best yield you can for your funds and just save, save, save.

Revoked your consent?

Thank you for your reply! I am my own administrator - maybe I should reconsider that. So an administrator would have taken down that I was electing to make $X contribution for tax year 2022, and then given me a notarized document for my records so I could prove I'd made the election before year end?

If you have a suggestion for a resource on where I can read up on that kind of detail I would be really grateful.

You need to make a formal election as an employee, your 401k provider probably has a standard form or you can make your own but you need a written record as administrator noting the election.

And that election does need to be made by the end of the year so it is too late to make one for 2022. You can still make employer contributions though.

It is important to keep in mind that a Solo 401k is still a 401k, an employer-sponsored plan with plenty of regulatory requirements including record keeping. If you aren't paying someone to be the administrator, you are the administrator and it is your responsibility to know how those regulations apply to you or you risk having the entire plan disqualified.

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

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As others have said, keep it in cash or money market. Anything else is too risky with such a short time horizon. Also while I wouldn't bet on a housing crash, if there is a good buying opportunity in the next 2 years, it's likely to be when the stock market is down, so better to keep your cash liquid so you can be ready when everyone else is down, unless you lose your job.

Honestly I would just keep it there, since you might need it right away. Just keep saving.

Since it sounds like you need your money to have liquidity and low risk for home purchase. That rules out stocks in general. Maybe looking into I bonds or longer term CDs that give you a bit more APY.

For two years you want treasuries or money market funds or you risk having less money than you started with

I started my subchapter S corporation 30 years ago for around $3000 in legal and office equipment costs. But that's just the legal framework. You need to think of working capital to hire those first people and provide them a place to work.