Author Topic: recommendations for investment accounts  (Read 1082 times)

megan1104

  • 5 O'Clock Shadow
  • *
  • Posts: 21
recommendations for investment accounts
« on: March 23, 2019, 08:42:53 AM »
Do people have recommendations for places to put money to grow as investments after we have maxed out our 403b and our Roths. I can give more details of our financial picture but basically we have all of our retirement/investment accounts into Vanguard index funds. I think we have taken advantage of all of the pre-tax options and now are looking for other places to grow our stash. We love Vanguard so just a new taxable account with them? If so, any specific favorites?

RWD

  • Walrus Stache
  • *******
  • Posts: 6526
  • Location: Arizona
Re: recommendations for investment accounts
« Reply #1 on: March 23, 2019, 09:20:01 AM »
I use a Vanguard taxable brokerage account.

MustacheAndaHalf

  • Walrus Stache
  • *******
  • Posts: 6629
Re: recommendations for investment accounts
« Reply #2 on: March 23, 2019, 10:05:08 AM »
If you open a brokerage account at Vanguard, and purchase VTSAX (Vanguard Total Stock Market, admiral shares), it's fairly tax efficient.  Every year, it issues 2% dividends, which for most people are taxed at 15%.  So you invest $10,000 and wind up with $200 in dividends and pay $30 in tax.  It's more expensive - like having a 0.34% expense ratio instead of a 0.04% expense ratio.

Telecaster

  • Magnum Stache
  • ******
  • Posts: 3551
  • Location: Seattle, WA
Re: recommendations for investment accounts
« Reply #3 on: March 23, 2019, 12:46:00 PM »
If you are already with Vanguard then it makes sense to keep everything simple and in one place.