We're in our late 30s and already have $1 million in our 401(k) - where should we stash our extra savings?Diversifying account types is essential for smart financial planning.Continuing to invest solely in tax-deferred accounts might not be wise, given the couple's current financial status.
I work for a small company and I can only contribute about $4k per year towards my 401k - are there other tax-advantaged accounts I can use?Tax-deferred accounts serve as a backup for later years, allowing for more immediate liquidity and flexibility for early retirees.