about to get a 125k windfall need advice

[MikeJones2001]

I want to increase our 401k giving to max that out. My wife and I already max out our ira contributions.
We have about 15k in our savings account for emergencies and house repairs.
I just opened up a 529 for my kid and dropped 1k in it. We have around 80k in our brokerage sitting in vtsax.
What else should I be thinking about as far as growing this money and securing our furture ?

[zolotiyeruki]

Have you read through the Investment Order post?  That's a good place to start.

You may find it worthwhile to post a bit more detail, or even a full-blown Case Study over in the Case Study subforum.

[MikeJones2001]

Thanks for the reply. I looked over the investment order and it all makes sense to me except the mega back door roth which i think could be an option for us if we choose to live off some of the windfall for a while. Ill try to post again and really spell out the financial details of my  family's situation.

[jnw]

I am working on a $50k churning fund, which also functions as an emergency fund.   I can get 10-15% APR by churning various bank accounts using that $50k.  Very low risk, up to twice as high as the average S&P 500 index rates; bigger emergency fund.  An emergency fund that beats the market, in virtually zero risk fixed income investments.

This is my current Investment Policy Statement:
https://drive.google.com/file/d/1SxFN38IXzTrTyFqz34Izz60LsaAKEQ2G/view

From the above investment policy statement:

"SHORT TERM GOALS
1. Build a $50,000 churning fund – currently at $23.5k – which also serves as an emergency
fund. This churning / emergency fund is the sum of all the following accounts:
• Bank accounts I’m currently churning: personal checking, savings, business checking,
brokerage and other fixed income investment accounts.
• Federal Money Market (Vanguard 5.3% currently)
• SGOV / BIL ETF’s
• Primary Checking
• Treasury Bills or I-Bonds – when appropriate."