This is my first ever post so I hope I its a good one!
My wife and I are both newish attendingsand I think we're doing a good job of our finances so far. Right now I want to begin investing in a taxable account.
We both max out our 403b, just started contributing the max to a backdoor Roth IRA, and bought a great house well within our budget.
I want to start investing 60k a year to a taxable account to make so our total saving rate will be about 33%
I have it saved up in cash and want to do index funds at a bout an 80/20 ratio. would you just dump it in, do 5000 a month, or a combination of half and half. I have 3 months emergency fund already. My problem is i'm a big saver and tend to keep money in my savings/checking account and need to stop doing that so much.
In regards to the nuts and bolts of this, I was thinking of doing this through vanguard where we have our other accounts.
Thanks!!
My wife and I are both newish attendingsand I think we're doing a good job of our finances so far. Right now I want to begin investing in a taxable account.
We both max out our 403b, just started contributing the max to a backdoor Roth IRA, and bought a great house well within our budget.
I want to start investing 60k a year to a taxable account to make so our total saving rate will be about 33%
I have it saved up in cash and want to do index funds at a bout an 80/20 ratio. would you just dump it in, do 5000 a month, or a combination of half and half. I have 3 months emergency fund already. My problem is i'm a big saver and tend to keep money in my savings/checking account and need to stop doing that so much.
In regards to the nuts and bolts of this, I was thinking of doing this through vanguard where we have our other accounts.
Thanks!!
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