I would max out the 401(k) first, since that will reduce your high taxable income and the 401(k) doesn't have a tax drag.My office had a really good year and my bonus was $500,000 (I'm a minority shareholder). I’m trying to decide the best use of these funds.
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My gut tells me the best thing to do is put all of the bonus into the Fidelity account.
After that, your gut is right. Put all of it in the taxable account.
Your mortgage rates are low and not worth prepaying.
Only you can decide whether $21,600 is worth paying for the apartment to save the commute. I would not think about buying until your investment assets are higher. With your income, you can really juice your retirement lifestyle if you are aggressive now in investing.
Statistics: Posted by MoreTaxes — Fri Dec 05, 2025 1:01 am — Replies 20 — Views 1447