Investments on the Taxable side

[Robandcindy2]

Finally at age 61 I am able to max out our 401K (with catch up) as well as both of our IRA's (with catch up).

We cannot contribute to a ROTH.

What or where would you invest your taxed savings?

Cash?  (No return...)

Muni's?  (Rising rates?)

Pure Growth?  (Market maybe overpriced?)

Dividends?  (And just pay the taxes?)

Pay down the mortgage?  (2.75%)

We are prepping to retire within the next 4 years (mandatory at age 65).

Never been here before so a little stumped....

Thanks....Have a good weekend!