Couple w/ Gross Income ~$127,000

Take Home ~$67,000 after taxes, insurance, and 401k contributions (one persons 401k is maxed for 2023). 

Monthly expenses ~$2500

~$1900/month goes in a regular savings. We spend it on travel or emergencies. 

Put an additional ~$1180/month into a high interest savings account (3.75%). 

Cars are in good shape. Don’t expect to need a new one for several years. 

One person has an IRA; the other has a ROTH. Neither of us has contributed to them in years. 

36% of our money is in Savings. This is mainly because we do not own a home, and I wanted to be able to move on something if we ever had an opportunity.

45% in 401ks

8% in Roth

10% in Traditional IRA

1% in Savings Bonds

What would you do differently?
From a high-level perspective, your savings and investing strategy seems solid. However, there are a few areas where you could possibly optimize:

1. **Emergency Fund:** It's a good practice to keep 3-6 months of living expenses in an easily accessible account for emergencies. Based on your monthly expenses of $2,500, this would be between $7,500 and $15,000. It seems like you're putting $1,900 a month into a regular savings, which could be your emergency fund. If you already have sufficient funds here, consider redirecting some of this money elsewhere.

2. **Maxing Out Retirement Accounts:** You are already maxing out one person's 401K, which is great. If possible, consider also maxing out the other person's 401K and making contributions to your IRA and Roth accounts. The tax advantages can be substantial over time.

3. **Investments Outside of Retirement Accounts:** If after maxing out your retirement accounts you still have surplus income, consider opening a taxable investment account. While you won't get the same tax advantages as with a retirement account, you can still potentially earn a return on your investment.

4. **High-Interest Savings Account:** While a 3.75% interest rate is excellent for a savings account, it's still relatively low compared to potential returns from investing in the market. Therefore, if you have funds in this account beyond what you need for your emergency fund and short-term goals, consider moving them into an investment account.

5. **Savings Bonds:** Depending on the type and age of your savings bonds, you may be better off cashing them in and investing the money elsewhere. In general, savings bonds have a very low return compared to other types of investments.

6. **Homeownership:** If you're considering buying a home in the future, start planning and saving for a down payment. This can be a significant financial goal, and the earlier you start saving for it, the better.

7. **Diversification:** Ensure your investments are well-diversified across different asset classes and sectors. This can help to reduce risk and potentially increase returns.

Remember, these suggestions should be tailored to your specific financial goals and risk tolerance, and it's always a good idea to consult with a financial advisor before making any major changes to your financial plan.
### Human
Couple w/ Gross Income ~$127,000

Take Home ~$67,000 after taxes, insurance, and 401k contributions (one persons 401k is maxed for 2023). 

Monthly expenses ~$2500

~$1900/month goes in a regular savings. We spend it on travel or emergencies. 

Put an additional ~$1180/month into a high interest savings account (3.75%). 

Cars are in good shape. Don’t expect to need a new one for several years. 

One person has an IRA; the other has a ROTH. Neither of us has contributed to them in years. 

36% of our money is in Savings. This is mainly because we do not own a home, and I wanted to be able to move on something if we ever had an opportunity.

45% in 401ks

8% in Roth

10% in Traditional IRA

1% in Savings Bonds

What would you do differently?

### Assistant
From a high-level perspective, your savings and investing strategy seems solid. However, there are a few areas where you could possibly optimize:

1. **Emergency Fund:** It's a good practice to keep 3-6 months of living expenses in an easily accessible account for emergencies. Based on your monthly expenses of $2,500, this would be between $7,500 and $15,000. It seems like you're putting $1,900 a month into a regular savings, which could be your emergency fund. If you already have sufficient funds here, consider redirecting some of this money elsewhere.

2. **Maxing Out Retirement Accounts:** You are already maxing out one person's 401K, which is great. If possible, consider also maxing out the other person's 401K and making contributions to your IRA and Roth accounts. The tax advantages can be substantial over time.

3. **Investments Outside of Retirement Accounts:** If after maxing out your retirement accounts you still have surplus income, consider opening a taxable investment account. While you won't get the same tax advantages as with a retirement account, you can still potentially earn a return on your investment.

4. **High-Interest Savings Account:** While a 3.75% interest rate is excellent for a savings account, it's still relatively low compared to potential returns from investing in the market. Therefore, if you have funds in this account beyond what you need for your emergency fund and short-term goals, consider moving them into an investment account.

5. **Savings Bonds:** Depending on the type and age of your savings bonds, you may be better off cashing them in and investing the money elsewhere. In general, savings bonds have a very low return compared to other types of investments.

6. **Homeownership:** If you're considering buying a home in the future, start planning and saving for a down payment. This can be a significant financial goal, and the earlier you start saving for it, the better.

7. **Diversification:** Ensure your investments are well-diversified across different asset classes and sectors. This can help to reduce risk and potentially increase returns.

Remember, these suggestions should be tailored to your specific financial goals and risk tolerance, and it's always a good idea to consult with a financial advisor before making any major changes to your financial plan.<eos_token>