08-02-2017, 03:26 PM
Personally, I would put everything you don't think you'll need TODAY into a taxable account. Even more if you can write checks against it or withdrawal from an ATM/branch. For example, if you get laid off and need to pay for rent. I don't have checks for Vanguard, but I can transfer from Vanguard to Wells Fargo in one business day so I'm not too worried about liquidity. If you're considering buying a house at some point the future, you're going to want to put that money in a taxable account. My taxable accounts serve as all these things.
Some help: <!-- m --><a class="postlink" href="https://www.thebalance.com/taxable-accounts-vs-iras-2466429">https://www.thebalance.com/taxable-acco ... as-2466429</a><!-- m -->
I would highly suggest talking to a financial advisor over trusting me, though. What works for me may not be what works for you. As I mentioned before, an advisor can help you tailor investments to your specific situation.
Some help: <!-- m --><a class="postlink" href="https://www.thebalance.com/taxable-accounts-vs-iras-2466429">https://www.thebalance.com/taxable-acco ... as-2466429</a><!-- m -->
I would highly suggest talking to a financial advisor over trusting me, though. What works for me may not be what works for you. As I mentioned before, an advisor can help you tailor investments to your specific situation.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth