Hi guys
TLDR - just moved to the US, 34, first job with opportunity for savings (and pretty much went back to school and am now here because of MMM, went from editor, to reading his story, to now doing what he does for the same company, so there's that...), paid off debts and now starting from zero.
GO!
401k - 10% bonds index, 90% in 80%/20% Fidelity Index / BlackRock Extended Index. Rest of money - 18K in 401K, max out Trad IRA, convert later.
So far so good and all learned from around these parts.
However - from my time in the UK (8 years as editor), I am also in possession of a so-far unused 6% savings account. Pretty much unheard of here, and best in class in the UK.
Finally, I am from Australia and plan on moving back in a few years, if that makes any difference.
I am just wondering whether having this guaranteed 6% savings account versus 7% index funds should make a difference to my savings strategy? Once I have maxed 401k and trad IRA, should I perhaps be putting money into this instead of or in some given preferential proportion to Vanguard index funds?
Would appreciate any suggestions or thoughts on this matter!