08-02-2017, 03:06 PM
The entire top section of my image above are taxable accounts. The answer to your second question is "nearly all the time." Cash in the bank is well behind inflation, so you're actually losing money by leaving cash in there. The only downsides are how quickly you can access the money and the possibility that it could lose cash. As long as you're decently diversified, that risk can be mitigated... assuming there isn't a massive market collapse.
edit: 2/3 of assets are retirement; 1/3 is taxable
I keep a larger amount in taxable than most because 50% of my compensation is awarded only twice per year (need access to it) AND I want to be able to do things like buy a new home without penalty.
edit: 2/3 of assets are retirement; 1/3 is taxable
I keep a larger amount in taxable than most because 50% of my compensation is awarded only twice per year (need access to it) AND I want to be able to do things like buy a new home without penalty.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth