I'm in my 20's. I'm a big saver and I think I've covered the basics, including:
- Paying off all high interest (>3%) debt.
- Getting the full company match out of my 401k.
- Maxing out my Roth IRA for the year.
I still have a decent amount of cash flow, so my savings account is starting to grow rather large and earning a meager 0.5% interest. Since I need this money for a vehicle purchase in 5 years, I think (?) it would be unwise to put this extra cash into a Traditional IRA or 401k.
Is there a tax-advantaged way for me to invest this extra cash or have I expended all available options?
EDIT: After living life for 7 years and working in the financial sector, I've gained some additional knowledge that I've summarized in my answer here: Best way to start investing, for a young person just starting their career?