Thanks for this. I appreciate your insight. Also, for the plug at the end for life insurance. My wife and I are expecting our first child in December and we are looking into life insurance. She doesn't have an IRA yet but I was looking into opening her a Roth IRA and contributing to it on her behalf. I already have one myself. But I've also been wanting to contribute to the brokerage account to grow our investments faster with a bit more liquidity than a retirement account. That said, do you recommend prioritizing maxing both IRAs before making contributions to a brokerage account? Thanks
Thanks for this. I appreciate your insight. Also, for the plug at the end for life insurance. My wife and I are expecting our first child in December and we are looking into life insurance. She doesn't have an IRA yet but I was looking into opening her a Roth IRA and contributing to it on her behalf. I already have one myself. But I've also been wanting to contribute to the brokerage account to grow our investments faster with a bit more liquidity than a retirement account. That said, do you recommend prioritizing maxing both IRAs before making contributions to a brokerage account?
Thanks