Where should I park the money I’m saving for a house? I already max out post-tax 401k ( havent looked into mega backdoor yet ) and put aside 3k / month in a Vanguard index fund. Where should I put the rest of my money after bills, rent, etc. to maximize saving for a house? (And don’t want to play with stocks. Been burned too many times already and dont have the time to do extensive research).
Also, i dont want to use money from my index fund so please dont say just park it all there. My index fund is for my second retirement fund.
- Expedia / Engwxp10fxmoreAlly online savings account. One of the best rates. You can compare them against other savings accounts
- Google nah2moreSave it in a saving account. I’d recommend TD(higher interest) or BoA, especially if you’re gonna take out mortgage with them - give you a little more power to negotiate.
- Do not invest if you plan to buy a house in the next couple of years. The financial market has provided recently to be volatile and you could end up losing money when you need them.