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[quote=Anonymous][quote=Anonymous]Do your employers give you the option of a ROTH 401k? Do you have any traditional IRA accounts? What state are you in (for 529).

I would max ROTH 401ks if given the option, as it is unlikely your income tax bracket with go down any time from now into retirement. The reason for the ROTH would be three-fold (1) tax free growth - you don't have to pay tax on the gains, (2) it allows a larger amount in a tax advantaged account compared to a traditional pre-tax account (because 17.5 post tax is worth more than 17.5 pre-tax), and (3) contributions can be taken out at any age without tax or penalty, earnings can be taken out beginning 59.5 years old.

3M is a lot of money and will add a lot of income (interest, cap gains, etc) that will be taxed every year, so I would look for ways to move as much as you can to tax advantaged accounts (401k, IRAS, 529). Max the 401k (ROTH 401k if you can), maybe look into back door ROTH contributions as well to move another 11k/year to tax advantaged. Do a ROTH conversion for existing traditional iras (since your tax rates will only go up from now into retirement - convert ASAP).

If you expect to have college expenses and your state plan is decent, front load your 529 contributions if you expect to need it. This would give you an immediate return from the deduction, as well as tax free growth.

And - Congratulations, hopefully this relieves some financial stress and gives you the peace of mind knowing you can most likely retire very early, live well in retirement, and pass significant wealth on to your family hopefully for generations to come! 
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All of this.  With that much money you should be thinking of the most tax advantaged way to have it grow.[/quote]

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