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sonnyfab t1_j2b6sr6 wrote

You should maximize your 401k contributions before using a taxable brokerage account. Taxes are expensive. Tax advantaged accounts are excellent for minimizing both your current year taxes (for traditional 401k accounts) and future capital gains taxes, or for future taxes altogether (for Roth accounts).

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Deezy1414 OP t1_j2b7ieb wrote

Thank you! I love thinking about reducing our current taxes but I’m always afraid of not being able to have that money available if something were to happen

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sonnyfab t1_j2b7qi1 wrote

That's why you should have a fully funded emergency fund. Follow the order of the steps in the prime directive from the FAQ.

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