I am in the fortunate position of aiming to invest $500 per month into my Roth IRA, as well as $500 p/m into a taxable. The taxable is almost exclusively bonds for efficiencies (don through betterment).
Should I actually do $1,000 p/m to the IRA for 6 months, and then $1,000 p/m to the taxable for the remaining 6 months of the year?
My wife, or rather her financial adviser (me), is doing a similar thing.
FYI, I have followed this
Establish an emergency fund to your satisfaction
1. Contribute to your 401k up to any company match DOING THIS
2. Pay off any debts with interest rates ~5% or more above the current 10-year Treasury note yield. ~8K STUDENT LOAN CURRENTLY at 0%
3. Max Health Savings Account (HSA) if eligible. DOING THIS
4. Max Traditional IRA or Roth (or backdoor Roth) based on income level ROTH OBVIOUSLY
5. Max 401k (if
- 401k fees are lower than available in an IRA, or
- you need the 401k deduction to be eligible for (and desire) a tIRA deduction, or
- you earn too much for an IRA deduction and prefer traditional to Roth, then
swap #4 and #5)
6. Fund a mega backdoor Roth if applicable. (NOT AVAILABLE)
7. Pay off any debts with interest rates ~3% or more above the current 10-year Treasury note yield. MORTGAGE @ 2%
8. Invest in a taxable account and/or fund a 529 with any extra. I AM HERE!!!