Your portfolio looks fine in my opinion. You are doing very well ![:D]( "Very Happy")
Will either or both of you be eligible for both a substantial pension and Social Security benefits? If not then I suggest traditional 401k contributions, not Roth contributions.
Most people (without a pension or very large balances in traditional tax-deferred accounts) will likely be in a lower tax bracket during retirement. So for most people traditional tax-deductible contributions will likely be better.
TFB blog post, The Case Against Roth 401(k): Still True After All These Years.
Wiki article, Traditional versus Roth examples
.
I suggest maximum annual employee contributions ($23k) to both employer's 401k plan as a priority over contributions to your Roth IRAs. Your employers' plans offers excellent very diversified index funds with very low expense ratios, don't limit yourselves to contributing just enough to get the employer match.
Will either or both of you be eligible for both a substantial pension and Social Security benefits? If not then I suggest traditional 401k contributions, not Roth contributions.
Most people (without a pension or very large balances in traditional tax-deferred accounts) will likely be in a lower tax bracket during retirement. So for most people traditional tax-deductible contributions will likely be better.
TFB blog post, The Case Against Roth 401(k): Still True After All These Years.
Wiki article, Traditional versus Roth examples
.
I suggest maximum annual employee contributions ($23k) to both employer's 401k plan as a priority over contributions to your Roth IRAs. Your employers' plans offers excellent very diversified index funds with very low expense ratios, don't limit yourselves to contributing just enough to get the employer match.
Statistics: Posted by ruralavalon — Sun Mar 24, 2024 10:54 am — Replies 2 — Views 103