<prompt> Human: I looked at I Have X ... What Do I Do With It?! sticky in the side-bar and it struck me as kind of vague. The FAQ did give some good advice, but Id like to get as much personal advice as I can.I have been out of college working a 60kyear more like 45k year post taxes job for about a year now and have no student loans to pay off. Aside from rent and some intermittent luxury purchases Macbook, plane tickets, etc. I dont really have anything big for which I am saving up. I currently have around 20k all in a checking account with Bank of America taboo, I know.Im looking for a couple first steps I can take to wisely invest and save my money. Ive realized the first is to get my money out of a checking account, but I dont know where to move it. So far my plan is:1. Open up a Roth IRA with Vanguard 5,0002. Max out my 401k contributionsAfter this, I really dont have any idea what to do. Ive read to switch to a Credit Union instead of a bank, but I dont understand why. Ive also read to put in a couple thousand dollars to an ING direct account, yet I dont fully understand what would happen to that money. Any advice you could give me would be greatly appreciated.edit: Title messed up, I was going to write I found the I Have X ... What Do I Do With It?! sticky in the side-bar ro be vagueAssistant: You will get more detailed advice from other users, but honestly if you just live below your means and try to save what you can, you will be in a great position later in life. You will no longer ask yourself Can I afford this?, but rather, Should I purchase this?. Financial freedom is something not a lot of people have.Human: Agreed, and I am thankful for that. It just feels like having 20k in a checking account is like having all my money in a shoe box.  <response>: An FDIC shoe-box! 