You think vanguard index funds are substantially better than betterment? I know betterment has a higher fee, but I do like that set it and forget it mentality. Rather than learning how to pick my funds in vanguard and having to rebalance my portfolio and all that, I can use that time and work overtime.
Yes, vanguard is better than betterment - ANY good index fund you manage yourself is better than paying someone else to manage for you because index funds don't need managing so you're paying an extra fee to be lazy. You can set it and forget it (check in once a year) using vanguard or really any index funds. If you're too lazy to learn really, really basic investing, then you probably won't make it very far towards the RE part of FIRE.
And to answer the original question: I use a taxable account for the overflow once my tax-deferred accounts were maxed out. Just have to make sure the fund(s) in there are tax efficient (no bonds - all total stock market).
I posted this to ask for information and suggestions on where to put extra cash. I am clearly not an investing expert (probably hardly even a newbie). I appreciate some of the information that you provided, but don't think it was necessary or polite to try and make an assumption about me. I am here to ask for help and you imply that I may possibly be lazy. Why would anyone read MMM and post questions on here if they were lazy? Simply giving me some guidance would have been all that was required. Because of the implication that I may be lazy, I will go ahead and take some words I have learned from MMM. Why don't you go ahead and make your hand into a fist and turn in towards yourself and punch yourself in the face? lol.
It isn't necessary to tell you about myself, but I will so other people don't get the idea that I am too lazy to do something that will increase my financial stash.
I didn't come from a family with money. Everything I have done, I have done by myself. I went to college and graduated without taking any student loans and without any scholarships. I graduated just after my 21st birthday and had a 3.85 GPA. After college, I spent a few years back packing and back packed my way through 14 countries.
I started working about 3 years ago and have thus far managed to buy a condo (rent it out and pocket $350 a month), buy a house, put $55k in my 401k, max out my Roth for 3 years, put $10k in the bank, and cut down my living expenses so that I am able to save about 70% of my income.
People that imply I am lazy do not know me at all. I don't know any other 26 year olds that have accomplished this much. I made it a goal to achieve FIRE before my 36th birthday. If you have any more detailed information or suggestions about investing or putting money into index funds, I would appreciate it.
Thanks.
I wasn't directly calling you lazy, so not sure why the laundry list of your stellar accomplishments (but good for you!). I'm sure you're a reasonably intelligent person just by finding your way to the MMM boards, but I'd say as a friendly bit of advice, if you're so sensitive that you take things so personally and get defensive when someone is trying to help you, you're going to have difficulties all your life.
Just to be clear, I'm not calling YOU specifically lazy. I'm saying that anyone not wanting to read about the investing basics and relying on perfect strangers to manage their investments and do things they are capable of doing pretty easily for themselves are being lazy. If you are wanting to learn, or do things for yourself, then you're not being lazy! See how that works?
But then sometimes being lazy is good - in the case of index investing, they even call 1-4 index fund portfolios "lazy" or "couch potato" portfolio... meaning set it and forget it because they do not require constant hand-holding by anyone. You don't need someone picking your pockets for fees if you understand how it all works. Recommend checking out Bogleheads for the whole index investing thang:
https://www.bogleheads.org/wiki/Lazy_portfoliosAnd ultimately, if you have a high tax bracket and are doing a bunch of other things that keep you busy and just don't feel like doing your tax loss harvesting yourself when Betterment can do it for you for a tiny fee... then being lazy and paying them to do so isn't necessarily a bad thing for some people. ;)
So here's another thing that might be of interest (and was my biggest help for my investing education in my journey):
http://jlcollinsnh.com/stock-series/