Your shadow weighs a ton
Driving down the 101
California here we come
Right back where we started from...
My husband and I just got new jobs in California and we're looking for Mustachian advice on how to hyper-mile our tax deferred retirement savings. Combined (gross), we'll be making $165,000 ($100,000 and $65,000). We're also in the lucky position to have access to 1) a CA pension that we pay into at 7%, 2) a 403(b), and 3) a 457(b). We're both under 50, have no dependents, plan to stay at these jobs until we retire (5+ years for vesting purposes), and currently have about $650,000 in retirement and income producing assets.
Pension: $11,550 ($7000+$4550)
403(b): $35,000
457(b): $35,000
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TOTAL: $81,550
Can this possibly be correct? Or do we have to reduce the 403(b) by the amount that we're paying into the pension in order to keep it below the $17,500 limit?
And while we're on the subject, what are your favorite tips for maximizing the good life in California in general? (I'm already hearing good things about the sunshine and avocados!)
Thanks!