I've read, and re-read many of the posts on WCI + forums. Here is our situation - would appreciate any feedback:
Age: mid 30s, have been out of residency for 2 years now
Salary: 190K / year (general primary care; wife stays home with kids)
Current investments:
1) 403b: T.Rowe Price Index 2045 PARLX: ~ 50K (I am maxing out yearly, 18.5K)
2) 529s: Vanguard Aggressive Age-Based Option: ~3500K in each (investing 250 per month in each)
Questions / Comments:
1. Assuming we can save more than 24,000 this year (max 403b + 3000 in each 529) - where should this money go? Is it worth it to figure out how to do a backdoor Roth? If not a backdoor Roth do I open a general investment, taxable account?
2. Our monthly expenses are rough between mortgage, car notes, student loans (about 260K in debt, on year 5 of PSLF ), and preschool..
3. I worry that just putting in the 18K in the 403b isn't enough...
Thoughts?
Age: mid 30s, have been out of residency for 2 years now
Salary: 190K / year (general primary care; wife stays home with kids)
Current investments:
1) 403b: T.Rowe Price Index 2045 PARLX: ~ 50K (I am maxing out yearly, 18.5K)
2) 529s: Vanguard Aggressive Age-Based Option: ~3500K in each (investing 250 per month in each)
Questions / Comments:
1. Assuming we can save more than 24,000 this year (max 403b + 3000 in each 529) - where should this money go? Is it worth it to figure out how to do a backdoor Roth? If not a backdoor Roth do I open a general investment, taxable account?
2. Our monthly expenses are rough between mortgage, car notes, student loans (about 260K in debt, on year 5 of PSLF ), and preschool..
3. I worry that just putting in the 18K in the 403b isn't enough...
Thoughts?
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