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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > A good problem to have: windfall management for 28 and 19 year old
 
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BEHOLD: MY CAPE
Jan 11, 2004
 Why do you need to put so much money in a savings account? Invest it all in taxable brokerage in the same/equivalent funds as your tax-advantaged plans, then just dribble out whatever you need to accomplish your savings goals in tax year 2017. For tax filing simplicity you could just put it in whatever Vanguard target date fund most closely matches your desired risk allocation.

* # ¿ May 21, 2016 15:35
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# ¿ Apr 27, 2024 17:57
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BEHOLD: MY CAPE
Jan 11, 2004

onemillionzombies posted:

You wouldn't want to use a target date fund with taxable investments, better to just buy the funds separately.

Also with taxable you probably wouldn't want to automatically invest your dividends, better for those to go into a money market account for tax simplicity and re-balancing without having to sell anything.

We're talking like one year, I think transaction minimization and tax filing simplicity might be a reasonable consideration over extreme tax efficiency optimization

* # ¿ May 21, 2016 21:12
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > A good problem to have: windfall management for 28 and 19 year old