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[quote=Anonymous][quote=Anonymous] but I feel like the stock market is ripe for a downturn. I've been waiting for a correction to transfer the funds to the brokerage acct, but it has not come.[/quote]

You are trying to time the market which is never a good strategy.  People have been waiting for a correction for some time now.  No one know when it will happen.  I was doing the same thing until recently.
If you maximize contributions to your IRA and 401k, but your lump sum still leaves you more money you want to spend in retirement, open a taxable brokerage account and invest according to your retirement asset allocation (Or simply choose a target date fund).

Don't forget, even if you are a high earner, you can always do a backdoor ROTH IRA.

Other thing I recently learned is about iBonds https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
You can only buy 10K in a year, but has a better yield than any saving account.  I too have a 100K sitting in a saving account which I consider to be a part of my emergency fund.  Over the next few years, I plan to move atleast half of it to iBonds.

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