Today in episode 19 we return for more details on our boring guide to successful investing. Now that we have an idea on types of funds and asset allocation from part 1, we can take a detailed dive on each investing account and how to simply save more and minimize taxes. Oh boy!

 

Covered in this Episode

• A deep dive on tax-advantaged accounts, including the 401(k), the HSA, and the Roth IRA
• The important tax implications of each investing “bucket”
• The hierarchy of different investing accounts
• Details on the importance of a brokerage account and why it should be used after filling tax-advantaged accounts
• How we invest in each account
• 2022 contribution limits for each account
• The importance of automation
• A final summary of our simple investing strategy
• So much more!

 

Investing Strategy Links

Part 1 Original Written Post: The CC Family Investing Strategy, Part 1: Philosophy and Asset Allocation

Part 1 Podcast and Show Notes: EP 16: The Boring Guide to Successful Investing (Part 1)

Part 2 Original Written Post: The CC Family Investing Strategy, Part 2: Where Exactly Is Our Money?

 

Index Funds Discussed

Vanguard’s Total Stock Market Index Fund (VTSAX) details (no affiliation)

Vanguard’s Total Stock Market ETF (VTI) (no affiliation)

Vanguard Total Bond Market Index Fund (VBTLX) (no affiliation)

 

Other Blogs

Millionaire Educator: A Teacher Couple’s Journey to Financial Independence

Insurance: A Tax on People who are Bad at Math? (Mr. Money Mustache)

Tax-Efficient Fund Placement (Bogleheads Wiki)

Roth IRA Resource (Kiplinger)

Backdoor Roth IRA 2022: A Step-by-Step Guide with Vanguard (Physician on FIRE)

 

Other Relevant Clipping Chains Posts

The Bold and Beautiful Roth Conversion Ladder

But I Don’t Want to Be Frugal

Expense Ratio & Fees: They’ll Hose You Big Time

Your Questions Answered: Volume Two (Brokerage Account info)

Your 2021 Guide to Actually Saving Real Money (Brokerage Account info, and much more)

Bitcoin and Other Things You Shouldn’t Own

Value Spending: How to Really Save Money (Pareto’s Principle)