This may have been covered earlier but how do you all invest your quarterly bonuses?
i have no debt except a 15 yr fixed mortgage that i am planning to pay off in 8 yrs. In addition to retirement accounts, HSA and 529, i have a vanguard brokerage account where i have monthly automatic transfers from my checking account. I have been increasing the automatic transfers lately to use up the extra money however the bonuses have piling up (>100k sitting in a 1% online bank). The quarterly bonuses arent gauranteed either, as i am on RVU productivity.
Would you continue to increase auto-pay with time (and cut it down if no bonuses) for dollar averaging, or put a lump sum in the market in different index funds? any other strategy?
Thanks for your time!
i have no debt except a 15 yr fixed mortgage that i am planning to pay off in 8 yrs. In addition to retirement accounts, HSA and 529, i have a vanguard brokerage account where i have monthly automatic transfers from my checking account. I have been increasing the automatic transfers lately to use up the extra money however the bonuses have piling up (>100k sitting in a 1% online bank). The quarterly bonuses arent gauranteed either, as i am on RVU productivity.
Would you continue to increase auto-pay with time (and cut it down if no bonuses) for dollar averaging, or put a lump sum in the market in different index funds? any other strategy?
Thanks for your time!
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