First time posting here. Thanks in advance for the help. Have learnt a lot spending time reading the content on this website. so here's my question.
I am looking for some advice on what kind of additional account I should open. Wife and I are both physicians. Our 401 K is maxed out and we both have a decent employer match. Our backdoor Roth is maxed out as well. We have college 529 plans going for both our kids. I also have a 457 through my work which is maxed. Also have a retiree medical account funded solely by employer dollars which is essentially like an HSA. Question I have is after doing all this and having a 6 month emergency cash reserve, there is some money left which I don’t want to commit to college fund and nor do I want to tie it up in any retirement account where I cant access it in an emergency. I already have enough cash reserves and don’t want to add more to that. My plan is to invest it in vanguard ETF’s and let it grow. Hopefully I never have an emergency need to sell and use it but I want to have that option if I want to. Other than simply opening a brokerage account at vanguard, is there any other account option that exists which gives me the flexibility of buying few ETF shares at a time and able to get the money at extremely short notice without any restrictions.
Thank you
I am looking for some advice on what kind of additional account I should open. Wife and I are both physicians. Our 401 K is maxed out and we both have a decent employer match. Our backdoor Roth is maxed out as well. We have college 529 plans going for both our kids. I also have a 457 through my work which is maxed. Also have a retiree medical account funded solely by employer dollars which is essentially like an HSA. Question I have is after doing all this and having a 6 month emergency cash reserve, there is some money left which I don’t want to commit to college fund and nor do I want to tie it up in any retirement account where I cant access it in an emergency. I already have enough cash reserves and don’t want to add more to that. My plan is to invest it in vanguard ETF’s and let it grow. Hopefully I never have an emergency need to sell and use it but I want to have that option if I want to. Other than simply opening a brokerage account at vanguard, is there any other account option that exists which gives me the flexibility of buying few ETF shares at a time and able to get the money at extremely short notice without any restrictions.
Thank you
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