hey all,
working on renovating my financial decision, and revisiting some of the stuff I've done before. when I elected for the company 403(b) when I started, I decided to split my contributions, thinking that some money pre-tax would help and some money post-tax would reduce my chances of being hit too hard with a major tax bill later. but since signing up for MMM, I'm leaning more towards retirement at ~50 years old (32 now). I love the idea of leaving the rat race earlier, but I really enjoy my work and want my newborn to stay in this school district.
Our work plans are not amazing, with a 1-1.5% cost depending on what we chose. But, I get a 6% salary match contribution by putting in 1%, so that's worth it. I don't yet max out my 403, but that is a goal as I work towards it.
I have student loan debt, and we're currently paying on it every month. good news though is since I work in education/non-profit, in 7 years it all goes away. I'll owe tax on the write off, so we're trying to invest about $600/month in vanguard to build up for that bill, and have as money we can get for emergencies, or retire with/use without worrying much about the tax implications.
so I guess the real question is do I split contributions to my roth and 403 (which would mean stopping vanguard contributions to get there) or do I shut down the roth contributions for a while until I can max out the 403, then throw any extra into that?