So my wife and I are in a spot where we can start putting away the recommended 15% toward retirement. We both have 2 options each through our employers. I'm not looking for fund specific advice; really top level advice on options.
Me: Civil service with access to TSP. Dollar for dollar match to 5% of pay. Traditional and Roth options. All matching is traditional, even if I go roth-only.
Wife: Vanguard 401(k). Her company matches 20% of her contributions. Unsure of limit; looking into it. Traditional and Roth options.
If we assume that together we can hit the $19k limit, what is our best approach between the 4 employer-sponsored options? If we're still not at 15% after maximizing those plans, I would assume basic investing in mutual funds will come next to fill out the 15%.
I guess it's also relevant for matching calculations to know that I bring home a little less than double what my wife brings home per year.
Submitted March 29, 2019 at 11:43AM by NomadicLogic https://ift.tt/2UjdL0Y
