LogFAQs > #904667263

Magic Bean posted...

You should be maxing tax advantaged accounts (your 401k) before considering a taxable account. Given your statement on pulling money out of your 401k is a pain, it sounds like you need to build your emergency savings first. I'm assuming you're relatively young so your bond allocation is too high (way too conservative). You also won't get a 5% return on bonds so you should be paying your student loans off first. To summarize:

Build emergency fund
Put more into your 401k
Or pay more of your student loans
then consider a taxable account (with fewer bonds)

Cheers.

Well here's the reason why we don't want to maximize 401k to the legal limit: we might buy a more expensive house in a couple years. Hence why we're just maxing to the company match.

As far as emergency savings/cash, we have plenty... hence why we're thinking of putting this in a taxable account and keeping only like $15k in cash in our bank.
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https://imgur.com/XNEdLrJ