I have $50k in a high interest savings account, $142k in a Vanguard investment account, and $287k in 401k. If I know I’ll need a sum of money in about two years (wedding, down payment, etc) should I keep putting money in my investment account, or put more in my savings account? I’m thinking about the tax implications of withdrawing from investment account

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Taxes on the investment will just be on earnings. Yes it will be higher if it’s short term. For me, the question is, are you willing to gamble on the market going down? If yes, then go with the investment account. If no, go with the savings.

Thank you for the correction! AI initially told me it was tax free 🙈

F

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