Hi all,
I'm hoping for some advice around where to contribute additional savings into a taxable Vanguard account after securing emergency fund, IRAs, and 401k. Here's some info:
- 34 years old, married, two young kids, no debt, still rent
- $250k in 401k, wife does not have this option through employer
- $60k in wife's traditional IRA (VTSAX)
- $30k in my roth IRA (VTIVX - Vanguard target retirement)
- $60k Ally savings - emergency fund
So with the $60k in savings we're looking to invest some of that into a taxable Vanguard account and potentially use the remainder for rental property or keep liquid if we decide to buy a home in next 2-3 years.
Does it make sense to just contribute additional savings into VTSAX even though my wife's IRA is in the total stock market? VTSAX is obviously fairly diverse or does it make sense to allocate some savings into REITs, ETFs, small % in bonds? Any insight or thoughts would be appreciated. Thanks!