You could assume step #1 in Investment Order is not an option, but still use the rest.
This is awesome!
WHAT
0. Establish an emergency fund to your satisfaction
Good here. Have about a years worth of expenses socked away. Plus we are young and healthy.
1. Contribute to your 401k up to any company match
Skip for this year.
2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield.
My wife has one $13k debt we are hoping the Teach Grant (don't get me started on that) will take care of. No debt otherwise.
3. Max HSA
Just checked. Don't have one. I'd tell my wife to max out hers but they've been really shit with actually paying for things. It requires lots of emails and phone calls she doesn't have time for. She's planning on leaving in a year so we'll be sure to role it over with a better company. Any recommendations?
4. Max Traditional IRA or Roth (or backdoor Roth) based on income level.
Just set a bi-monthly $225 deposit in order to max it out.
5. Max 401k (if 401k fees are lower than available in an IRA, or if you need the 401k deduction to be eligible for a tIRA deduction, swap #4 and #5)
Here's where I become uncertain. Stack up cash or invest tax free. I'm reading a book on the great depression right now that is making me want to go the cash route until I reach $100k
6. Fund a mega backdoor Roth if applicable.
Haha. This sounds fake. I'll have to look into it when I'm on this step.
7. Pay off any debts with interest rates ~3% or more above the 10-year Treasury note yield.
No mortgage yet.
8. Invest in a taxable account and/or fund a 529 with any extra.
Will start the 529 as soon as we have kids.