Hello all,
(28 M) I'm new to money management, and not sure what direction to take now. I recently had all of my money sitting in checking / savings with Wells Fargo doing nothing for me. I have now moved the bulk of the money into a HYSA. I was also recently given access to a Coca-Cola stock that was with EJ but I have now transferred into Fidelity. I will list all finances below...
$8,745.16 emergency fund Ally

$11,692.15 potential taxes CIT

$6,000 checking Wells Fargo

$5,863.46 individual Fidelity - all held in (KO) Coca-Cola CO
I would like advice on what to do next. I work a commission based job (roughly 6K monthly) and am following a budget. The savings aspect goes as follows.
-Savings: (15% AFTER TAX) Roth IRA? - $525.00

-Taxes: (30%) of gross paychecks - $1,500.00 into CIT Bank

-Additional Savings: (5%??? AFTER TAX) - $175.00 into into Ally Bank
Everything above is tentative, as I really have no idea what I am doing. From my research over the past few weeks, I know I need to invest but I don't know how / what. I have the individual account open with all KO stock at Fidelity. I also have a ROTH IRA account open with them, but I don't have anything in it yet. I don't know how that works. Can I just transfer the stock over to the ROTH IRA? Also, once I have maxed out the ROTH IRA what is the best move with the individual account?
Thank you for taking the time to read this, and please bear with me, I am completely new to this. Please let me know if you need any additional information. TYIA.