What to do with my income?
I recently started a job where I am making 110k annually, so I net a little over 7k per month. I'm in a fortunate position where my bills and mortgage are covered by my partner. I'm wanting to aggressively save this income so that we can move out of state and put down a massive down payment on a nice home in a HCOL area or buy land in cash.
I have a ROTH ira with a decent amount of money already, but I don't want to contribute this job's income to it because I want to be able to use this cash within the next 5 years. I currently have a Capital One 360 performance Savings with a balance of 77k that is earning me about $250 per month in interest (4.25% APY).
A few questions I have:
Should I contribute my income to this savings account until I hit the FDIC insured amount limit?
Is there a better savings account out there that I should look into?
Is there a better strategy to saving than what I am doing?
Should I still contribute a little bit to the IRA?
Should I just get a financial advisor?
I'm just trying to earn and save money as quickly as possible. Any advice is greatly appreciated, thanks!