08-02-2017, 03:42 PM
Apoc Wrote:Personally, I would put everything you don't think you'll need TODAY into a taxable account. Even more if you can write checks against it or withdrawal from an ATM/branch. For example, if you get laid off and need to pay for rent. I don't have checks for Vanguard, but I can transfer from Vanguard to Wells Fargo in one business day so I'm not too worried about liquidity. If you're considering buying a house at some point the future, you're going to want to put that money in a taxable account. My taxable accounts serve as all these things.
Some help: <!-- m --><a class="postlink" href="https://www.thebalance.com/taxable-accounts-vs-iras-2466429">https://www.thebalance.com/taxable-acco ... as-2466429</a><!-- m -->
I would highly suggest talking to a financial advisor over trusting me, though. What works for me may not be what works for you. As I mentioned before, an advisor can help you tailor investments to your specific situation.
So I also have Vanguard. Can I use the funds from my taxable account to eventually fund my Roth IRA for 2018? AKA transfer from the taxable account over the IRA? (let's ignore all the income rules since they don't apply to me yet).
Current
2006 4Runner V8 Limited|| Currently no BRAPS
Past
2007 DRZ400S || 2007 SV650 || 1998 Yamaha RT180 || 1998 XJ Sport || 2002 Subaru WRX Wagon || 1998 XJ Classic || 2002 VW Passat Wagon || 1992 F150 Custom
2006 4Runner V8 Limited|| Currently no BRAPS
Past
2007 DRZ400S || 2007 SV650 || 1998 Yamaha RT180 || 1998 XJ Sport || 2002 Subaru WRX Wagon || 1998 XJ Classic || 2002 VW Passat Wagon || 1992 F150 Custom