I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month).
I max out 401(k), 80% going to Roth 401(k), 20% traditional 401k (I expect I'm going to have to pay more taxes in retirement than right now).
I max out my Roth IRA, 6000 a year
I max out my HSA, I'm young and I don't use the money from it at all, set it to invest automatically. 3550 maxed out
My gross income is $86,000 about.
I have no debt, no loans.
The 40k I have in my savings account is purely from saving over time, none of it is from windfall or anything.
My best guess is I should take $20,000 and put it into index funds. I'm worried about tax implications and what happens with dividends (like are some funds automatically withheld? I know I'll make more overall but will I end up having to pay if I make enough in dividends come tax season, and then possibly not have enough out of pocket money to pay that?). I would probably be using Vanguard. I have no goal to "use" this money for anything, maybe bolster retirement income or something.
I'm not married, I don't own a home and don't have kids, the advice here is either not really relevant to my demographic and doesn't help me make a decision on what to do with my money.