We're already maxing out a 401(k) and have three-plus months savings in an emergency account—but still have extra money. Where should we invest it?
Wow—nice job! An individual retirement account (IRA) is a solid option because you'll add more padding to your long-term savings while getting a tax deduction. Within an IRA, you can invest in stock and bond index funds, which over time do better than the majority of higher-priced active funds.