My spouse is an anesthesia fellow, and I'm a public sector employee. She can expect to make $300k - $500k annually within the next 4 years depending on which job pans out.
From her job, we expect to have access to a 401k / 403b with an employee 1 to 1 match on 4-7%. Additionally, we could fund an HSA.
Through my job, I have a solid Traditional DB plan ( I know these are exceedingly rare and many are on the path to insolvency. This one really is probably top 10 in the country.) I contribute 9% and employer does 18-30% depending on the ARC. I'll also (probably) have access to a DROP that will provide $400-800k in today's dollars (currently in my early 30s).
Additionally, I have a 457 at work with no match. More importantly I also have option to fund a ROTH 457. So I can allocate my full $18k annually to this ROTH vehicle, and there's is no AGI phaseout / limit like regular ROTH IRAs.
So my actual question (s) :
I presume my traditional DB pension has no bearing on any sort of "other" saving she vehicles. Right ?
Since I could conceivably do $18k to my ROTH 457, does this automatically preclude the backdoor ROTH ?
HSAs appear to lack any sort of tethering to other savings plans. You just simply have to have the required HDHP insurance. Am I understanding this correctly ?
From her job, we expect to have access to a 401k / 403b with an employee 1 to 1 match on 4-7%. Additionally, we could fund an HSA.
Through my job, I have a solid Traditional DB plan ( I know these are exceedingly rare and many are on the path to insolvency. This one really is probably top 10 in the country.) I contribute 9% and employer does 18-30% depending on the ARC. I'll also (probably) have access to a DROP that will provide $400-800k in today's dollars (currently in my early 30s).
Additionally, I have a 457 at work with no match. More importantly I also have option to fund a ROTH 457. So I can allocate my full $18k annually to this ROTH vehicle, and there's is no AGI phaseout / limit like regular ROTH IRAs.
So my actual question (s) :
I presume my traditional DB pension has no bearing on any sort of "other" saving she vehicles. Right ?
Since I could conceivably do $18k to my ROTH 457, does this automatically preclude the backdoor ROTH ?
HSAs appear to lack any sort of tethering to other savings plans. You just simply have to have the required HDHP insurance. Am I understanding this correctly ?
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