Hello All!
I am a 28 year old living in Sunny FL . I recently sold a jointly owned property and came into a little bit of cash. I've also taken on a new job working remotely as a 1099 contractor. Both of these events have catapulted my life towards reaching the FIRE lifestyle that I desire. Even if retiring early does not occur soon, I am content with working remote, this job I have taken is what I have been looking for all along, I do not have a boss/supervisor breathing down my neck, nor do I have any clock to punch. I work when and where I want.
I have read many financial books, listened to podcasts, and done some research on my own. Right now, I am in the beginning stages of planning for retirement. This is what has led me to this site. The only assets I have right now is the 35k that I have received from selling the home. I have been calling tons of CFP's to seek help on getting me started, but it seems the majority of them are going to tell me what I can do myself and find out on my own.
I am reaching out to ask you all for some guidance. Where should I go with this 35k, should I speak to a CFP to get a bit of guidance on the planning side and do the money management myself? I wanted the CFP to do both planning and asset management, but I don't want to get hit with fees that I can avoid. Additionally I want to make sure I open the correct investment vehicle whether it may be a Roth, Traditional, or SEPP. Am I thinking too hard about this? I know it's not a significant amount, but I want to make that plan according to my goals and attain that goal. That is to eventually get my portfolio to pay for my expenses, while I continue to invest money.
Please, any help would be greatly appreciated!
I am a 28 year old living in Sunny FL . I recently sold a jointly owned property and came into a little bit of cash. I've also taken on a new job working remotely as a 1099 contractor. Both of these events have catapulted my life towards reaching the FIRE lifestyle that I desire. Even if retiring early does not occur soon, I am content with working remote, this job I have taken is what I have been looking for all along, I do not have a boss/supervisor breathing down my neck, nor do I have any clock to punch. I work when and where I want.
I have read many financial books, listened to podcasts, and done some research on my own. Right now, I am in the beginning stages of planning for retirement. This is what has led me to this site. The only assets I have right now is the 35k that I have received from selling the home. I have been calling tons of CFP's to seek help on getting me started, but it seems the majority of them are going to tell me what I can do myself and find out on my own.
I am reaching out to ask you all for some guidance. Where should I go with this 35k, should I speak to a CFP to get a bit of guidance on the planning side and do the money management myself? I wanted the CFP to do both planning and asset management, but I don't want to get hit with fees that I can avoid. Additionally I want to make sure I open the correct investment vehicle whether it may be a Roth, Traditional, or SEPP. Am I thinking too hard about this? I know it's not a significant amount, but I want to make that plan according to my goals and attain that goal. That is to eventually get my portfolio to pay for my expenses, while I continue to invest money.
Please, any help would be greatly appreciated!