When's it best to open a taxable account?
age 31`
Ideally like to pay off my car loan (17k) and mortgage asap (220k)
income 95k
Roth 401k (8% income) which is about $150 a week and maxing out my Roth IRA
current 401k $9000
Prudential NO MATCH (company gives $100 a month per 1 year of service pension plan, retiring at age 50 would give me about 3k a month)
BOND MARKET INDEX FUND Fixed Income - Intermediate Bond 15%
S&P 500 EQUITY INDEX FUND Large Cap Stock - Blend 30%
S&P 400 MIDCAP INDEX FUND Mid Cap Stock - Blend 20%
RUSSELL 2000 INDEX FUND Small Cap Stock - Blend 20%
INTERNATIONAL INDEX FUND International Stock - Blend 15%
Vangaurd Roth IRA ($10,000) Target fund 2045 date
about 5,000 in energceny..
should i lower my 401k amount to help pay off my car and mortgage early?
should i start a taxable account and then once thats pretty heavy that would be my mortgage money?
am i generally on the right path?
trying to figure out best way to tackle car and mortage debt
thanx