Hoping you all can help me out with this. My company offers a Simple IRA that invests in American Funds. I have 7% of my pay, plus a 3% company match going into this every paycheck.
Outside of this, I am maxing out my Roth IRA ($5500/year) and I am filling my emergency with $600 per month. I should have the emergency fund full by the end of the summer.
Ok, now to my question. Once that emergency fund is full, I will have $600 to invest elsewhere. If I invest it in my Simple IRA through work, I could actually invest about $690 per month since that would equal my post-tax $600... but my investment would be in American Funds, which has really high costs.
My other options for that $600 per month: I also have access to a HSA that I could potentially put about $3000 per year into. The HSA is through Bancorp, and I don't know if I can invest it... I could also open a taxable account, but I can't imagine that is my best option.
I have some time to plan and research, and I figured a good start would be to pick your brains :)