Financial Advisors

Tips 4 Saving in a non qual acct. My wife & I max all qual accts. 401k pre tax & Roth. Roth IRA & HSA. Any tips 4 saving in a non qual besides buying stocks & Funds i.e. Mmkt Fund to mitigate access?

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Personally I’d consider cds. I’d probably wait for money to accumulate for simplicity. Let’s say my plan to purchase is in 5 years...I’d buy a 5 year cd followed by 4 3 2 and 1. Like you I max out so I wouldn’t want that money tied whatsoever to the market. If market drops I could lose income, investments, and possibly delay the purchase of my home. This strategy would give the best chance at meeting your goal with confidence.

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What about PERMANENT LIFE INSURANCE!!!!!

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Are you an FA?

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Yes, I am. We currently DCA into Non qual stocks ETFs, and MMKT funds at about 1k a month utilizing MMKT but I guess I should have been more clear in my question. The goal is to accumulate enough for our second home purchase. It just seems like if we don’t invest the money, the mo he feels more accessible because it is. I was just curious if outside of simple discipline and spending below your means if anyone has had success utilizing a technique that has helped them keep non qual money out of sight out of mind. As I type this out I am answering my own question but just thought I’d see if anyone had had an approach that helped them.

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Hope this makes sense. Just looking for strategies that have been helpful in others achieving a specific goal. Currently what has helped us is we each have an i divisor accost. For biz expenses. Then joint for checking / Savings, and another joint for the future home purchase. Just seems at times we will pull out of it for random things however when it is invested we don’t touch. My feelings as of now is to keep DCAing into non qualified investments relative to my time horizon and in 2 years decide to utilize margin and hold the investments to mitigate taxes and pay back or sell and free up the cash for the down payment. Just Thinking out loud.

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Russell Investments to minimize taxes.

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Call me and I'll sell you some!!! 😂🤓🐷👍

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But doesn’t Dave Ramsey SmartVestor Pro website says permanent life insurance is a big no-no 😂😂

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Multi-family real estate.

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Sounds like you need permanent life insurance. Please send me a private message with your phone number and I will tell you the benefits of it and why it is probably a good fit for you, if it is in fact a good fit.

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