Advice for investing as a high TC earner
I already maxed out my 401k (19k), back door Roth (6k), and HSA (3.5k) for the tax benefits. I'm planning to save ~500k after taxes this year though and I am looking for advice for what to do with the other ~470k. I'm not a business owner and earn my money as a normal w2 wage earner btw. Couple ideas I already had: - park the money in VTI, SPY, or other index funds; hold until retirement. - buy tax-free muni bond funds like VWALX; reinvest the tax free returns while I'm in a high tax bracket. - buy residential real estate that cash flows in the midwest. - create an LLC for the real estate business; write off the expenses for a home office, travel, etc. TC >1M
High yield bond market
What about stock portfolio? Do you have one already or looking for non specific stock methods?
I'm already putting most of my money into index funds in a regular brokerage account. Any ideas you have would be appreciated
Can't give advice as I don't know anything about your goals.
Megabackdoor Roth, Spouse backdoor Roth, DAF for charitable giving, tax loss harvesting and then index funds or muni bonds.
Another option would be to have 1 years expense in cash or MM (say 200-300k), and then move everything to equities since you will have high tolerance to market fluctuations.
What do you do
The right question 👆🏾
Startup I was working at got acquired. Working at a large publicly traded company now as part of the acquisition.
Congrats. Is it a one time payout or will your TC retain for a while? If retains, you can take riskier bets such as startups etc
Should last at least 4 years
Get a fin adviser, e.g. call Morgan Stanley
HSA
Read https://engineerseekingfire.com/8-critical-decisions-for-a-successful-investing-strategy/
Bogleheads.org See the message boards and also the wiki. Read about the three fund portfolio.