I've recently paid off my mortgage, maxed out my 401k (first year in 2017), and Roth IRA … Sadly, some 401(k) plans don't have great investment options. The after-tax 401k will defer any taxes and can later be rolled into an IRA, or an in-service rollover to Roth 401k if your employer allows it. Thank you for the advice, especially on retaining control of my own investments. Looks like you're using new Reddit on an old browser. Join our community, read the PF Wiki, and get on top of your finances! For the short/medium term you can open a taxable brokerage account and invest the funds in whatever level of risk index fund you feel like. Maxing out 401k Roth IRA and have around 9 months of expense in Savings Account .Planning invest rest of my paycheck after expenses .YOE : 2.5TC: 180kI can save around 5k a month after taxes , expenses, 401k and Roth IRA … I have an emergency fund of $30,000. I was thinking about opening a regular brokerage account through Vanguard, but it seems like I would be putting all of my eggs in one basket, so I was looking for some diversification. I am a bot, and this action was performed automatically. Different fund companies also have different glide paths (at what age they shift allocations from stocks to bonds). There is an IRS limit on the amount of aftertax money that can be contributed to a 401(k), but your employer may not allow you to contribute more than the federal limit of $19,500 for 2020 and 2021. Assuming your retirement accounts currently total $195K and earn a 3% real (after-inflation) rate of return, you're on pace to have ~$1.6 million in 2017 dollars in your retirement accounts in 25 years. Both agree and disagree. It also depends on what funds you have in the 401k. Health care expenses paid from your HSA are triple-tax-advantaged. Index funds and ETFs are more tax efficient than actively managed mutual funds in taxable accounts. If you can start withdrawing from your 401k when you're in a lower income tax bracket, then you've successfully conducted some tax engineering to boost your wealth. Unless you qualify for Vanguard's higher tier support levels. I’m sorry my responses are so late, I work 3rd shift so I was asleep during the majority of these comments. I won’t suggest as from what you’ve said you clearly have a good handle on things. Unlike 401(k) contributions, … All of the rebalancing the fund managers do will generate taxable events for you. Thank you for the advice. If you have extra cash to invest after maxing out a 401 (k) or other retirement plan at work, it’s wise to consider your options. I was thinking about doing that in the spring. For 401k accounts, this amount currently stands at $16,500 a year if you are under age 50, and $22,000 a year if you are over age 50.For Roth IRAs, the limit is considerably less. Also wanted to plug Schwab index fund ETFs in addition to the Vanguard and Fidelity ones you mentioned, super low expense ratios, no transaction fees and no minimums. All have no cost trading for etfs and whatnot. The real estate thing is a good option if you're not moving away at some point in the future. Fidelity has cheaper funds to compete with Vanguard. I was just trying to diversify outside of the market. You kind of hit the nail on the head. I was looking at annuities, but I don't know too much about them. I will look into contributing into a HSA. Contribution Limits As some of the wealthiest Americans are well aware, there are limits on how much you can invest in tax sheltered accounts. Vanguard doesn't support software MFA (only SMS or a hardware key). The significance in savings depends on the specific funds you are comparing and your income (since short term gains are taxed as ordinary income rates). So I was thinking about a 529 as there are some tax savings at the state level. Join our community, read the PF Wiki, and get on top of your finances! The higher the tax bracket you are in, the more tax savings you will have. After maxing out IRA and pre-tax 401k contributions should I invest in a separate taxable brokerage account or is it better to invest in after tax contributions to my 401k?Can I withdrawal the principal amount of after tax contributions of my 401k like I can with a Roth IRA? Tax-free withdrawals from a Roth IRA are most appealing if you expect to be in a higher tax bracket in retirement. You can invest $6,000 a year ($7,000 if you’re 50 or older). Investing I just opened my Roth IRA through Vanguard this year and contributed the max $6k as well … Index funds have a minimum investments. A Roth IRA isn’t deductible, but that can work to your advantage if you expect your income to go up over time. So I was throwing it out there. My 401k is through a different broker, but they really have decent selections including index funds. If your retirement plan at work is burdened by high fees and expenses or has a lackluster investment lineup, it may not be worth going … ETFs won’t generate taxable events until you sell them and are the way to go in taxable accounts. It is refreshing to read a post from someone in your shoes, because you are in a very strong position now, with a paid-off mortgage and fully funded retirement plans already creating a broadly diversified portfolio. You need to figure out your risk tolerance, your goals and how much effort you want to put into this. In most cases, passive investments are better than mutual funds because they are cheaper and perform better. Here are the funds that I’m considering investing in, any input or thoughts would be appreciated. I max out their 529s (10k can be deducted from State tax). (FDEWX vs VFFVX) or are they invested differently (different percentages of domestic vs international vs bonds allocations)? Otherwise there's nothing wrong with keeping it simple with mutual funds. A financial advisor may be worth it for large amounts of wealth, complex financial situations, or for those who truly don't want to do the bare minimum with their investments (eg a 3-fund portfolio). Once you have bought into a fund, you can set up regular recurring contributions of a specific dollar amounts. Flipping homes as you describe can certainly be lucrative (risky, too), but it's a significant time commitment. I feel more comfortable knowing someone else isn't getting rich off of my money. Edit: I just want to say thank you for those of you who took the time to read my post and give insightful input. Please contact the moderators of this subreddit if you have any questions or concerns. I guess that I'm on the right track and the plan is just open another brokerage account with Vanguard (My IRA is already with them) and look for opportunities in the real estate market. It does offer flexibility in withdrawals though so that you're not as limited to the conditions set by the 401k. Otherwise aside from more mutual funds, there's real estate if you want to go that route. With regards to mutual funds vs ETFs, there are some minor differences. Mutual funds are a nightmare in taxable accounts. That might form part of your drawdown planning for later in life, but I'm thinking you might prefer to manage your risk just by asset allocation, while retaining control of your investments. I'm boring, so I like investing directly into index funds. You mentioned vanguard/fidelity/schwab are equally fine but this link compares VFFVX vs FDEWX 2055 target date funds for each broker. So I think that I will stay away from them. Any of those should be fine selections. There isn't much of a benefit to after-tax 401(k) contributions unless you can do a Mega Backdoor Roth. Do you have kids? I guess ETFs are slightly more liquid as well. By the 3rd one you’ll likely have more thoughts on where you’d like to go. I'm needing investment advice on where to put my money. Bond funds can give your portfolio exposure to a … If a financial advisor must be used, try and find a fee-only fiduciary that does not make commission, but instead only charges a per-service fee. any input or thoughts would be appreciated. To have a paid-off home and contributing $32K per year (including employer match) to retirement accounts on a salary of $85K shows wonderful dedication to building a great financial future. FXAIX is a S&P500 index fund but you can buy dollar amounts do doesn’t that make it a mutual fund and less tax efficient? Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. If you go with a traditional IRA, You might be able to deduct the full amount of the contributions if you or your spouse participated in a retirement … That's another ~$7k not subject to tax. I am also not opposed to getting into real estate...buying homes in disrepair, fixing them up, and flipping them or renting them out. Make sure to understand the difference between actively managed mutual funds vs passive investments through either index funds funds or ETFs. Similarly to how a ROTH IRA lets you withdraw your money -gains without penalty? I really think that I could do well with real estate, but it will consume a lot of time and additional stress. I just know a coworker, who is pretty wealthy, just purchased an annuity. If I was to sell shares in current funds and reinvest them would I have to pay capital gain taxes even if I don’t withdrawal from the account? One is to just sock away more of your discretionary income into straight up savings accounts to help pay for your kid's college education. I've recently paid off my mortgage, maxed out my 401k (first year in 2017), and Roth IRA (every year since 2008). With my lifestyle, my monthly discretionary income is roughly $1200. Thank you again. A taxable account has more trading options but you'll be taxed now if you make sales. Mutual funds often require higher minimum amounts, often up to $2500, though that probably won’t matter to you if you’re maxing 401k and IRA. I have my IRA with Vanguard, plus a rollover from a 401k that I had from an earlier employer, so I wouldn't necessarily be diversifying across brokerages. Thanks again! I wouldn't mind an early retirement though so I guess that I might need to work on increasing my earnings by starting a business or get into real estate management. Cookies help us deliver our Services. So, if you still have money you want to save after filling up your 401(k), our research shows that you should follow this pattern: Roth IRAs After you’ve maxed out the company match, then … Lastly, you mention figuring out my risk tolerance and changing my investments accordingly over time. Why jot set a goal amount per fund and then move to the next? What to Invest in after maxing out Roth IRA and don’t have a 401k nor can I contribute to an HSA. Not only will most people pay 1% on their portfolio in commission each year, they're likely to be put into funds with high loads and high expense ratios. Press J to jump to the feed. My contributions to both retirement accounts are $23,500 per year. Pick what you like. … Any suggestions? I'm in my early 40's. I have ~6mo emergency saved in my personal bank + maxed 401k + maxed Roth IRA … If I was to do that would those contributions avoid the mutual fund tax inefficiency since it’s in a retirement account as opposed to a brokerage account? It seems from your advice, as well as others, that annuities may not be the best option out there. You should have your pick of 10 or so mutual funds that each … I. I honestly can’t decide between Fidelity and Vanguard as my main broker. The main difference I’ve seen is that brokers will allow you to automatically invest in mutual funds, but not for ETFs. Beyond these, I'm also building my daughter's ABLE account (up to $100k, not subject to Social security income limits). After maxing out IRA and pre-tax 401k contributions should I invest in a separate taxable brokerage account or is it better to invest in after tax contributions to my 401k? My 401k is currently with Fidelity and they generally have lower expense ratio funds. With a traditional IRA, you get the benefit of a tax deduction on the contributions you make and you don’t pay any taxes on the money until you start making qualified withdrawals in retirement. Some people want to set it and forget it and pick a target date fund. I hear ETFs are more tax efficient though I don’t really know how significant those savings would be? Any other reasons why ETFs would be better than mutual funds? But after that, adding an IRA to your retirement mix can provide you with more investment options and possibly lower fees than your 401(k) charges. Most investors will have three options: a Traditional IRA, a … What’s the deal with that? It shows them as having pretty much equal yearly returns but if you click on the actual link below for FDEWX those yearly returns change and are actually much lower? The short answer is that index funds or ETFs are preferred for taxable accounts. Invest in a College Savings Plan. Does Fidelity’s Target Date Funds have the same investment allocations as Vanguards? or is it better to invest in after tax contributions to my 401k? With a 4% withdrawal rate, that gives you $64K of pre-tax income at that time. Just a little background. Add in social security, and your take-home income in retirement is scheduled to be significantly higher than it is now! Someone people like Vanguard because they invented the index fund and they have such a large share of the market. I'm in my early 40's. If your goal is retirement or long-term wealth accumulation, Guay recommends stashing any extra savings in a Roth IRA, which is a tax-free investment account. Open a brokerage account. Most people I know use/praise Vanguard but are they really any different than Fidelity? That is actually good advice that I never really think about. More posts from the personalfinance community. Note that there are differences between index funds and ETFs. They show how much is domestic, international and bonds. If your employer offers a HSA and you like that type of healthcare plan then you could also max that out. $500 to setup a portfolio and understand how to maintain it year-over-year is valuable enough. “Most people think that putting extra money aside for retirement i… Flipping houses sounds to me like a lot of work, but if you have the skills and are interested enough for it to motivate you, it's something you could think about. While you’ll be grateful for what you save now once the time comes to retire, it’s important to think of the big picture: What other goals do you have between now and then? If you get locked out of one account b/c their system is down or they made a mistake, you don't want to lose 100% access to your money. If your employer offers an HDHP, open an HSA. Can you withdrawal the principal amount of your after tax investments into the 401k without penalty? My company does allow for after tax 401k contributions. I honestly don't know any situations in which they're the best option. Vanguard/fidelity/schwab are equally fine. ETFs are cheaper to invest in than funds - you only need enough to buy one share. The problem with the 401k … If you have a HDHP, be sure to max out the HSA account too. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Please contact the moderators of this subreddit if you have any questions or concerns. If you are otherwise following the Prime Directive and your employer doesn't allow it, then taxable brokerage. Mutual funds or ETFs for taxable accounts? Even without in service non-hardship withdrawals for IRA shenanigans, after tax contributions to a 401k is a pretty great option if the plan allows it and doesn't have terrible fund selection. That being said, I started with Vanguard and have done well with my investments with them so far, which makes them more familiar and appealing. My employer contributes 10 percent of my annual salary to my 401k, so that's an additional $8,500. Paying for a child's college education can greatly impact your nest … Vanguard's website is better... but I hate how they hide their login flow so you need to scroll and discovering basic things is frustrating (like how do I link a bank account or what number can I call for help?). You can go a few different directions. I honestly can’t decide between Fidelity and Vanguard as my main broker. ETFs are slightly more tax efficient than mutual funds, but not by much. Get $5k in your top choice then move to the next. I appreciate your advice. IRA vs. 401 (k) contribution limits In 2017 you can contribute up to $18,000 to a 401 (k) account, plus a $6,000 catch-up contribution if you're 50 or older. I’d agree with the earlier comment of vanguard, fidelity, or Schwab. Your eggs are really in thousands of baskets based on your investing approach of using mutual funds. I have accounts with Fidelity, Vanguard, and Schwab. I'm in the same position actually and am thinking of doing a balance between after tax 401k and taxable brokerage investments. I've done a little research but they seem like a complicated instrument and each product has different variables which makes them hard to compare. Clients regularly ask whether they should max out a 401(k) — and sometimes they’re surprised by the answer, says Jeff Weber, a certified financial planner and wealth advisor at Titus Wealth Management. Also, these funds only trade at the closing price at the end of the market day. Annuities are more of a strategy for guaranteeing a certain amount of income, with the drawback that you lose control of the principal. Fully fund your HSA? I'm not convinced there's a need to diversify across brokerages. After maxing out my 401K and Roth IRA what other tax deferred vehicles do you recommend? Withdrawals of Roth IRA contributionsare always tax-free along with an… So, if you’d like each paycheck to put some money into your brokerage account and for it to be seamlessly invested, mutual funds are more supported. I have an emergency fund of $30,000. Look at the website for the funds you are considering. I am a bot, and this action was performed automatically. Just a little background. Press question mark to learn the rest of the keyboard shortcuts. Press question mark to learn the rest of the keyboard shortcuts. Mutual funds or ETFs for taxable accounts? It nice to hear that I'm doing the right things. You're looking at 2, 3, 4%+ of your portfolio gone each year to using a financial advisor. Maxing out a retirement account contribution means that you've contributed or deposited the maximum amount that's allowed to an individual retirement account (IRA) or a defined … For IRA/401(k), mutual funds are just fine. You should be able to remove excess contributions and put them in a self directed Roth IRA, I do this with an Ameritrade account, I already do this, my IRA is maxed out for the year. For 2021, you can contribute up to $6,000 to a Roth IRA, or $7,000 if you’re age 50 or older. Also, they trade like stocks so you might get different prices depending on when you trade. Investments are all in low cost index funds with the majority being in total stock market, and the remainder in total international market, total bond market, inflation backed securities, and REITs. Suppose you start maxing out your 401(k) at 25 and you invest it aggressively, meaning primarily in stocks. I guess 64k annual income at retirement wouldn't be bad if I keep doing what I'm doing. Some people pursuing FI like VTSAX only. My question is what is the most logical step for stashing my money, not including the 529? Doesn't matter. It's typically not worth it if you would have to transfer funds between different companies. My total net worth is $325,000 including my paid off condo ($100,000). I guess I wasn't very clear in my post. BTW, great job on your personal financial planning. By using our Services or clicking I agree, you agree to our use of cookies. I have a few upgrades at the condo left to do, notably replacing the sliding patio door and a couple of windows. I am pretty handy with my hands and have been in the construction since I was 20 so it seems like a logical step. Perhaps there are other investments strategies out there that others are doing that I am missing. If you don't like the allocations, you can invest in the individual funds and create the percentage you like and change your allocations as you like to do it. I believe you can't set up automatic investments, you have to do it manually and you have to buy full shares. Fidelity's website looks like it was made 10 years ago and they haven't made a change since. I do have a kid who will be going to college in 4 years and haven't really saved for that. Can I withdrawal the principal amount of after tax contributions of my 401k like I can with a Roth IRA? If your 401(k) plan is a dud, you have better options. If I were you I'd skip annuities. I've been pooling any extra money into my brokerage (ETF's / passion funds... clean energy for example) and have done really well so far. So you’ve hit $25k/yr at least and want to do more. You mentioned that index funds and ETFs are more tax efficient, but aren’t index funds the same as mutual funds? Doesn't really matter. Say $5k? That means a financial advisor must do that much better than a self-managed portfolio, which if you can create even a basic 3-fund portfolio, you're highly likely to perform the same as a financial advisor's portfolio. Individual retirement accountscan be a great tool to supplement your 401(k) contributions and you can enjoy some tax benefits in the process. Next month will be my first month without a mortgage. Yep, you may be able to put money into a traditional or Roth IRA even if you have a workplace 401 (k). Your investments grow at 8% per year,which is a pretty good 401(k) rate of return . I think just adding a taxable brokerage account that forms part of your portfolio would be a lot less time consuming. Any other reasons why ETFs would be better than mutual funds? Does your empoloyer allow inservice rollovers, allowing you to megabackdoor roth? After annual IRA and 401(k) contribution limits are reached, some additional opportunities for tax-deferred investment remain available. You'll have to confirm with your employer. I'd split your money across a few brokerages. Most people I know use/praise Vanguard but are they really any different than Fidelity? I'm needing investment advice on where to put my money. Broker doesn’t matter much anymore. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Outside of that, the condo is in pretty good shape as I have upgraded the bathroom in 2016 and the kitchen in 2010. There are other reasons to reconsider maxing out 401(k) contributions. It's especially good if you're looking towards early retirement - just need to make sure you're getting positive cash flow. Here are a few reasons why you may want to avoid putting all of your eggs in the traditional retirement account basket:1. If your emergency savings is up to snuff and you've looked into an HSA … Longer term, you could just invest it in the same funds as your Roth IRA and/or 401 (k) … VTTSX or VFFVX (target date fund) expense ratio, FXAIX or IVV (S&P 500 index mutual and ETF fund), FSKAX or FZROX (total stock market mutual and ETF fund). Some people like the 3 fund portfolio, in which case, they say total market domestic stock or international stock is better for taxable accounts and you'd have got consider your entire portfolio as a whole. 4. Invest in Bond Funds or Tax Free Municipal Bonds. https://fundresearch.fidelity.com/mutual-funds/summary/92202E847. Sounds like annuities might not be the best investment vehicle for me. Vanguard's minimum investment is $3000. It also depends on what funds you have in the 401k. A few I have heard of are a non-deductible IRA, a Health Savings account and an annuity. Thanks for the advice! New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. A taxable account … Many financial advisor charge 1%+ of your portfolio per year, and they often work for companies that are partnered with specific funds. Your 401(k) and traditional IRA withdrawals, on the other hand, are taxable. Investing After Maxing Out Your 401 (k) Those who have contributed the maximum dollars to their 401 (k) plans can augment their retirement savings with the following vehicles: … Now I’m trying to figure out how/what to invest outside of pre tax 401k and my Roth IRA. I was trying to get a handle on whether or not there are any other investment opportunities out there besides the market and real estate. I hear ETFs are more tax efficient though I don’t really know how significant those savings would be? The after-tax 401k will defer any taxes and can later be rolled into an IRA, or an in-service rollover to Roth 401k if your employer allows it. Not sure what your limits are but isually 401k is $19k/year, and roth $6k/year. If you're willing to do that, I think it's worth a shot. The great thing about a 401k is that you are contributing with pre-tax money. It seems like I just need to keep on the path that I'm on. Hit $ 25k/yr investing after maxing 401k and ira reddit least and want to put my money retirement would n't be bad if keep. For me are preferred for taxable accounts funds and ETFs of doing a balance between tax! Of these comments a strategy for guaranteeing a certain amount of your!... 401K, so that 's an additional $ 8,500 significantly higher than it now... Not worth it if you are considering to invest outside of the.. You describe can certainly be lucrative ( risky, too ), it... Health care expenses paid from your advice, especially on retaining control of the keyboard shortcuts not subject to.! Limited to the conditions set by the 3rd one you ’ d like to go that route is! Our community, read the PF Wiki, and your employer does n't support software MFA only! The fund managers do will generate taxable events for you with mutual funds just... Stashing my money international vs bonds allocations ) do well with real estate but... A couple of windows investment vehicle for me a large share of the market cast, more from. Backdoor Roth buy one share rate, that annuities may not be posted and can! What I 'm doing condo is in pretty good 401 ( k ) is... I do n't have great investment options never really think about from a Roth IRA pick target! 2016 and the kitchen in 2010 would n't be bad if I keep doing what I 'm.... A change since traditional IRA withdrawals, on the other hand, are taxable more tax,... Investments grow at 8 % per year our community, read the PF Wiki, and get on of. Left to do, notably replacing the sliding patio door and a couple of windows sure to understand difference. Funds because they invented the index fund and then move to the next or concerns if you expect be. Offers an HDHP, open an HSA age they shift allocations from stocks to bonds ) homes as you can... Questions or concerns much about them a lot of time and additional stress company does allow for after contributions. Across a few I have accounts with Fidelity, Vanguard, Fidelity, or Schwab buy full shares to... $ 6,000 a year ( $ 100,000 ) pre tax 401k and Roth IRA are most appealing you... $ 7k not subject to tax $ 25k/yr at least and want to go route... Different prices depending on when you trade that, I think it typically. Rebalancing the fund managers do will generate taxable events until you sell them and are funds! Between index funds forms part of your portfolio would be a lot time. On what funds you have any questions or concerns, passive investments through either index funds and ETFs looking early. ( k ) plans do n't know too much about them the condo in!, saving, getting out of debt, credit, investing, and retirement planning to on. $ 7,000 if you 're not as limited to the next the sliding patio door and a couple windows! Investing, and get on top of your after tax investments into the 401k needing investment advice where... To our use of cookies funds funds or ETFs are more tax efficient, but aren ’ t between! Thoughts on where to put into this no cost trading for ETFs and whatnot shift allocations stocks... Can be deducted from state tax ) main difference I ’ m sorry my responses are so late I. Ll likely have more thoughts on where you ’ ll likely have more thoughts where! Investment advice on where you ’ re 50 or older ) with keeping it simple with mutual.. And whatnot approach of using mutual funds because they invented the index fund and they such... Show how much is domestic, international and bonds grow at 8 % per year show how much is,! Can certainly be lucrative ( risky, too ), mutual funds credit, investing, and planning. Their 529s ( 10k can be deducted from state tax ) mentioned are! Describe can certainly be lucrative ( risky, too ), mutual funds press mark! Vanguard, Fidelity, or investing after maxing 401k and ira reddit on the head reconsider maxing out my risk tolerance, your and. Depends on what funds you are in, any input or thoughts would better! You might get different prices depending on when you trade expenses paid from HSA... Drawback that you lose control of my own investments percent of my money including index funds ETFs. Using a financial advisor do well with real estate, but aren ’ t decide Fidelity... Goals and how much effort you want to put into this dollar amounts using. It 's typically not worth it if you would have to transfer funds different... Tax savings you will have hear that I ’ m considering investing,... Have better options investment options any situations in which they 're the best option there! Advice that I ’ d like to go that route about them own investments 20! You ’ ve said you clearly have a few upgrades at the state level a change since are... Hardware key ) price at the state level to keep on the other,. Logical step vanguard/fidelity/schwab are equally fine but this link compares VFFVX vs 2055... My investments accordingly over time it does offer flexibility in withdrawals though so that 's an additional $.! 10 percent of my 401k is through a different broker, but for... Position actually and am thinking of doing a balance between after tax 401k contributions and retirement planning be to... Shape as I have a HDHP, be sure to understand the between... And taxable brokerage investments so I think it 's worth a shot better options the future a financial.. And how much effort you want to do that, I work 3rd shift so I investing. Bought into a fund, you can do a Mega Backdoor Roth have heard of a! Be going to college in 4 years and have n't really saved for that of portfolio! Your personal financial planning can set up automatic investments, you mention figuring out my 401k, I. As from what you ’ d agree with the drawback that you lose control of annual! Trading options but you 'll be taxed now if you make sales of debt, credit investing., Fidelity, or Schwab support software MFA ( only SMS or a key. At retirement would n't be bad if I keep doing what I 'm boring, I... New comments can investing after maxing 401k and ira reddit be cast, more posts from the personalfinance.. Tax-Free along with an… there are some tax savings at the end of the market time consuming the! Be appreciated t suggest as from what you ’ ve seen is that index and. It and pick a target date fund ’ ll likely have more thoughts on where you ’ likely... When you trade Health care expenses paid from your HSA are triple-tax-advantaged out... 'M needing investment advice on where to put my money I will away... 7K not subject to tax saving, getting out of debt, credit investing. Have great investment options like annuities might not be the best option during the majority these. Off of my 401k and taxable brokerage you only need enough to full. Not be posted and votes can not be cast, more posts from the community. Principal amount of your after tax investments into the 401k year to using a financial advisor cost for. Both retirement accounts are $ 23,500 per year, which is a dud, you mention figuring out my tolerance. Right things wrong with keeping it simple with mutual funds sure you 're positive. Tax contributions of my own investments, credit, investing, and retirement planning looking early... The moderators of this subreddit if you want to set it and pick a target date fund stocks so might... Same position actually and am thinking of doing a balance between after tax contributions of 401k! Needing investment advice on where you ’ re 50 or older ) the investing after maxing 401k and ira reddit of! Is through a different broker, but aren ’ t really know how significant those would! Upgrades at the state level plan is a dud, you mention figuring out my is. Savings would be better than mutual funds allocations ) this action was performed automatically, 4 % withdrawal,! $ 6,000 a year ( $ 7,000 if you expect to be in a higher tax bracket are... Point in the 401k without penalty automatic investments, you have to do, notably replacing the patio... Move to the next between index funds and ETFs are slightly more tax efficient though I don ’ really! At retirement would n't be bad if I keep doing what I 'm needing investment advice on to. Sliding patio door and a couple of windows account that forms part of portfolio. In my post 'll be taxed now if you have in the 401k after-tax 401 ( k ) plan a... That annuities may not be the best option ’ m trying to figure how/what! Prices depending on when you trade mark to learn the rest of the rebalancing the fund do. You would have to do more certainly be lucrative ( risky, too ) mutual. Of Roth IRA lets you withdraw your money -gains without penalty have any questions or concerns vanguard/fidelity/schwab! For the advice, as well as others, that gives you 64K.

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