What is your non-retirement savings and HHI?

[Anonymous]

Our HHI is 350k and we have 150k in money market, savings accounts, and mutual funds. We’ve been maxing out our 401(k)s, but now I’m starting to think we should shift some of the savings outside of 401(k).

[Anonymous]

Why do that instead of shifting your contributions to a Roth 401k?

If that option is not available, I can see building up your brokerage account, particularly if you are looking at large RMDs down the road.

[Anonymous]

Good thinking, OP. We have started to save consistently in brokerage accounts a few years ago. Before that, all we made sure to max out our 401(k)/TSP. We now have about $1m saved. HHI (now) $1m.

[Anonymous]

Most is in non-retirement accounts.
HHI is about $80k+ a year from some kind of annuity, dividends, investments, very part time job.
$300k is outside of retirement.
Roth is used for trading, the other accounts for growing.
I would not care for 401k past the match.

[Anonymous]

HHI is 300k (very recent big bump), non retirement savings are roughly 250k, mix of high yield savings, index funds and smaller regular savings.

[Anonymous]

We're 59/60 with a HHI of $120k. We have about $33k of savings outside of retirement and home equity.

[Anonymous]

HHI 700k but this is recent and we are young

non 401(k)/IRA investment account is about 1M

[Anonymous]

Same HHI as OP. We have a little over $200k, which is about 4 years of investment. The amount we put in annually varies from $20k to $40k. It’s pretty much all index funds right now.

[Anonymous]

HHI 360k
~$500k in brokerage/ Ibonds/ HYSA
$1.3M retirement

Early 40s

[Anonymous]

HHI about $330.

We have $800k in brokerage, about $1 million in IRA/Roth/401(k)s, about $350k in 529s for two kids in middle/elementary school.

Most of the initial money in the brokerage was profits from selling our previous home + an inheritance. Lots of growth on top of that.

Both in our mid-40s. HHI was about $50-$60k lower until a couple of years ago. We max our 401(k)s + one spouse gets an automatic 10 percent contribution, and we max our HSA and put a bunch into the 529s every year, but I'd like to be saving more into the brokerage, too.

[Anonymous]

Wife and I have an emergency fund of 50k roughly, invested in vanguard’s settlement fund yielding about 5% a year.

We make a budget that involves saving 50% of our net income into retirement. We put a remainder after travel (which is budgeted yearly) etc into the emergency fund. We don’t have a standalone non-retirement investment account

[Anonymous]

You probably should go through some projections first on whether you need the amount you are saving in your 401Ks for retirement. If so, then you can save additional elsewhere, but you shouldn't reduce your 401Ks. (If you are behind, switching a max 401K contribution from traditional to ROTH does increase the amount you are saving because it's post tax contributions, but a decision like that should consider your expected tax rate in retirement)

If you have additional money to contribute after what you need to save for retirement, a backdoor ROTH IRA is a good choice since the contributions can be withdrawn without penalty if you do need access to it before retirement.

[Anonymous]

HHI $1M and have about $600k saved after tax plus about $250k in Roth. This is the first year we've started doing systematic monthly contributions of $5k to the brokerage account, so really trying to build that after tax portfolio. I have always found it hard. Have four kids; spend a lot of money. Mid 40s.

[Anonymous]

Anonymous wrote:Most is in non-retirement accounts.
HHI is about $80k+ a year from some kind of annuity, dividends, investments, very part time job.
$300k is outside of retirement.
Roth is used for trading, the other accounts for growing.
I would not care for 401k past the match.

You're missing out on a lot tax benefits by not fully investing in the 401K. Every time you sell a stock in a normal brokerage account, you lose 20% to 40% depending on your tax bracket and how long you held the stock.

[Anonymous]

Anonymous wrote:HHI $1M and have about $600k saved after tax plus about $250k in Roth. This is the first year we've started doing systematic monthly contributions of $5k to the brokerage account, so really trying to build that after tax portfolio. I have always found it hard. Have four kids; spend a lot of money. Mid 40s.

We have a similar issue except we don't even have kids yet. I found it helpful to create a budget with savings goals as the priority and reminding DH of our savings goal when I sense that we're spending above budget. We also use apps to track our spending and I have an excel sheet that I update monthly. Good luck, PP!