Where would you put extra money after you fully fund Roth IRA

[bog72upCash]

Hello,

Just wanted some opinions...

Extra money might come up after cutting back on some frivolous items in my budget...the amount isn't exactly known right now...but ROTH IRA would be fully funded....

Where would you put extra money (hopefully tax free upon withdrawal if there is such a thing after ROTH IRA)....??

[retired@50]

Hello,

Just wanted some opinions...

Extra money might come up after cutting back on some frivolous items in my budget...the amount isn't exactly known right now...but ROTH IRA would be fully funded....

Where would you put extra money (hopefully tax free upon withdrawal if there is such a thing after ROTH IRA)....??

There is a wiki page to discuss the possibilities.

https://www.bogleheads.org/wiki/Priorit ... nvestments

Regards,

[birdog]

What does the asset allocation section of your Investor Policy Statement say?

https://www.bogleheads.org/wiki/Investm ... _statement

For me, it’s buying VTI in a taxable account or cash in an online savings account depending on my current asset allocation.

[retiredjg]

Where would you put extra money (hopefully tax free upon withdrawal if there is such a thing after ROTH IRA)....??

The obvious place is in a retirement plan at work. If you don't have that, in a taxable account (ordinary personal account) at the brokerage of your choice.

Roth is limited for a reason. You will not find a lot of other ways to make money and not pay tax on it.

[dbr]

Lots of people have lots of money in "taxable" investment accounts. Often the investments are mainly stock index funds.

Some people like to have a stash of cash in CDs or such.

In some cases one might have individual tax deferred accounts of the SEP IRA or Individual 401k variety, but for that your income has to come from the right kind of self employment activities. I assume that is not the case here.

Other tax advantaged places to put money include college savings plans and health savings accounts.

[AllMostThere]

Other options. Does your employer offer:

1) HSA - if so, max it out, invest and let it grow
2) 401K - if so, enough to get company match
3) 401K In-service withdrawls - if so, investigate Mega Back Door Roth process
4) 401K - continue contributing up to max annual amount (assumes good low cost fund selections)
5) After-Tax Account - Good low cost tax effecient index funds via Fidelity or Vanguard (Total Market and/or similar type)

Good Luck.