🔺 r/personalfinanceuTechnical_Seesaw5331·49 days ago
23-year-old with $20k in a checking account. What should I do with it?
I’m 23 and just started my first job out of college in Big 4 accounting. I make $94k/year (potential $10k CPA bonus) and have no debt. I currently have about $20k in a checking account. Current setup: - 401(k): contributing 10% (no employer match during my first year) - Maxing out HSA - Maxing out Roth IRA (Fidelity Freedom Index 2065) $1,300/month rent I’m trying to figure out what to do with the $20k. I’m thinking I should keep some in checking for normal expenses, move some into a HYSA for an emergency fund, and potentially invest anything beyond that in a taxable brokerage. How much would you keep in checking vs. HYSA vs. a taxable brokerage? Is there anything else I should prioritize first? I’d appreciate any advice on how you’d approach this at my age and income. Thanks! submitted by /u/Technical_Seesaw5331 to r/personalfinance [link] [comments]