33 year old single woman looking for advice!
Hello! As title says, I'm newly 33, live on my own in a high cost of living area (do not want to move), and am VERY fortunate to have recently gotten a bonus at work.
A bit about my financial situation:
- I'm able to easily meet monthly needs
- I am maxing out my 401k (plus some company match)
- I have a SMALL "Fidelity Go" personal account and a small "Fidelity Go" IRA Roth, both under 3k
- I have about 70k in CDs
- I have over 150k in a 'high yield' savings account that gets about 3.6% return. Willing to put about 100k into a smarter strategy.
I'm looking for advice here -- what makes the most sense to do with the surplus money that's in my 'regular' savings account. Open another CD? Leave it in HYSA? Get into investing?
I am VERY confused by the investment options beyond the age-target 401k funds. I understand VOO can be a good option?
My goals are to grow the money I do have, while reserving a good amount for emergencies/travel etc.
Really interested in anyone's opinions here. I'm finally at a point where it's feeling silly not to invest more, but I'm just not really sure ... what to do.
ETA: I'm a little nervous with stocks etc due to change in US leadership, and am looking for something that's not going to be SUPER volatile. I realize that may = less short term returns.
Edit 2: words in point #3, I listed IRA/roth twice originally. And, I *am* interested in buying a house...at some point...I'm priced out of the market here even with my comparatively high savings rate.
Thank you for any advice!!