I hope everyone had a happy New Year. I wanted to get some quick advice from the group on how to spread out yearly investing/savings goals.
We're currently planning to save about $100K/year with 2 401(k)s + match, 2 backdoor Roth IRAs + taxable account.
2 401(k)s + employer match = $51,500
2 backdoor Roths = $11,000
Taxable brokerage account = $37,500
My question is regarding timing for these. The 401(k)s I know will get funded as we go through the year, and I'm planning to fund the Roths sometime in the next week or two. But with regards to the taxable account, do you like to just set up a monthly autodraft to Vanguard or whatever company you use(in this case, of $3,125....$37,500/12)? Is there something I'm overlooking with this approach? Are there better ways of doing this that I'm not thinking of? Thanks for any advice!
We're currently planning to save about $100K/year with 2 401(k)s + match, 2 backdoor Roth IRAs + taxable account.
2 401(k)s + employer match = $51,500
2 backdoor Roths = $11,000
Taxable brokerage account = $37,500
My question is regarding timing for these. The 401(k)s I know will get funded as we go through the year, and I'm planning to fund the Roths sometime in the next week or two. But with regards to the taxable account, do you like to just set up a monthly autodraft to Vanguard or whatever company you use(in this case, of $3,125....$37,500/12)? Is there something I'm overlooking with this approach? Are there better ways of doing this that I'm not thinking of? Thanks for any advice!
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