Would love to get some thoughts on where I should be putting the money I've got to save. With a somewhat early retirement in mind, what might my most efficient breakdown of investment (taxable/tax advantaged) accounts look like?
My numbers:
Retirement accounts: ~ 16k
Cash: ~ 14K
Net income ~72k
Annual spending ~ 32k
Savings potential ~ 40k
These numbers do not include my wifes 8% 401k contribution with 8% employer match, nor my own Gov Pension and HSA contrib to max that match. Being a government employee I have access to a gov. 457b (roth or traditional).
So, between my wife's 401k, my 457, and a combination of IRAs what would you max first (what in Roth vs trad)? With early retirement in mind what % would you put in to a taxable account to cover the time between access to the retirement accounts? I'm 28 years old, but hoping for hypothetical best case situations. As of the start of this year we will have our 20k student debt paid off before 2022.
Thanks!