f8andbethere,
I say intermediate because this will likely take several years–we both regularly make max Roth IRA contributions but maxing out 401Ks from our regular salaries a bit of a stretch.
Right now, we're holding this "cash" in our Vanguard brokerage settlement fund earning a healthy yield which is reinvested into the same holding.
This does not make any sense to me.
1) You can max up your 401Ks now.
2) You can cover your expense short fall by spending down this cash.
3) Hence, you earn immediate tax savings. That is bigger than any other return.
4) Why is this not possible? You are shifting your money from your taxable account to 401K.
KlangFool
Statistics: Posted by KlangFool — Mon Jul 22, 2024 1:02 pm — Replies 3 — Views 129
