The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Jevs05 on September 14, 2017, 10:18:04 AM
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Hi there!
I have built up a savings account with enough money to complete what I want to call my emergency fund, but can't decide where to put it. I have been looking at investing it in essentially what would be a retirement account (40% stock 60% bond) with vanguard to help lower fees, grow it a little bit as opposed to having it sit in a bank, and still have access to it. Is this a terrible idea or a good one? I know Betterment has a similar set up, but I could buy into a Vanguard fund with lower fees to do essentially the same idea. Thoughts?
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You need to be able to easily access the money. A retirement account is generally not accessible. Bad idea.
Taxable investments, savings account, etc?
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Calling it a retirement account is the incorrect wording. It would be a brokerage account in an index fund that is 40% Stock 60% bond.
Currently in savings is 12k, investments is 5.5k where I maxed out my Roth IRA. Just started working this year.