We're in our late 30s and already have $1 million in our 401(k) - where should we stash our extra savings?

While the couple has amassed a considerable $1 million in tax-deferred retirement accounts, they are now reevaluating whether continuing to funnel money into these accounts is the best strategy. Diversifying account types may offer smarter financial flexibility moving forward.

Investing primarily in tax-deferred vehicles such as 401(k)s makes sense during accumulation, but it can limit financial options later in life. This couple's significant net worth indicates potential for more balanced investment strategies.

Read at 24/7 Wall St.