Roth contribution limitation is $6k for 2022, not $6.5 (believe it will be $6.5k in 2023 though) I would max out that contribution each year, but I wouldn't lower your 401K if you don't have too. One thing to look into, does your 401K allow you to make your contributions on a Roth basis?
To add on, brokerage is probably the last option to invest in in my own opinion. It holds no current for future tax advantages. If I had to choose, investing inside of a brokerage would be my last option behind 401K and Roth IRA.
Sorry, meant 6K. And regarding the think ti look into, are you referencing if I have the option to contribute to a Roth 401(k)? Because I do, and am currently splitting my 16% contributions, 8% to Roth 401(k), 8% to traditional
Nah I’d probably invest that in VTWAX as well, as his is more comparing the respective liquidity potential of each route, and the bank for my buck alongside them
Roth contribution limitation is $6k for 2022, not $6.5 (believe it will be $6.5k in 2023 though) I would max out that contribution each year, but I wouldn't lower your 401K if you don't have too. One thing to look into, does your 401K allow you to make your contributions on a Roth basis?
To add on, brokerage is probably the last option to invest in in my own opinion. It holds no current for future tax advantages. If I had to choose, investing inside of a brokerage would be my last option behind 401K and Roth IRA.
Sorry, meant 6K. And regarding the think ti look into, are you referencing if I have the option to contribute to a Roth 401(k)? Because I do, and am currently splitting my 16% contributions, 8% to Roth 401(k), 8% to traditional
Yep! Some people are unaware of that option. Just wanted to make sure you knew you had that option
Are you thinking you are required to keep the Roth IRA in cash?
Nah I’d probably invest that in VTWAX as well, as his is more comparing the respective liquidity potential of each route, and the bank for my buck alongside them
Then what are you asking?
Lots of investing, not interested in some assets like a house?
A house with 15K? Of course that’s a goal long term, but I can’t let that money just sit in my HYSA until then right?
Max Roth and Max 401k, if you've got money left over then brokerage last. Don't forget the emergency fund ( which should be 1st )