I've read all of MMM's blog posts and I listen to the ChooseFI and Mad Fientist podcasts, yet I feel lost when it comes to how to allocate my money for investing. As my significant other is not on the MMM train and thinks I'm a nut, we're only saving 15% of our household income for retirement/early retirement/FI. Even at this rate, I've done my best calculations and we will be FI when I'm 50 and he's 57 (15 years from now). Here's the current situation:
We're maxing out two Roth IRAs each year.
$4,450 (7% of my annual income) goes into my 401K annually (with a 3% match).
$2,580 (6% of his annual income) goes into his 401K annually (with a 4.5% match).
Only putting a minimal amount in HSA to cover expected healthcare costs.
I find we have another $700 each month (this would make our savings rate 22%) that could be invested and I don't know whether to put it into 401Ks, HSA, pay extra towards mortgage principal (4% interest - the numbers don't make sense, as we could get a better return in the other vehicles, but I would like to have this paid off when we reach FI), or to set up a brokerage account with taxable investments. This is new for us, as we just paid off all our debt (other than mortgage) a couple months ago and I just got the Roths set up, and magically we have $700 extra little employees ready to go to work.
Also, is it possible that HSA rules/tax laws could change in the future and ruin a plan for using the HSA as a tax-free retirement savings account? I'm afraid of maxing this out and then not being able to get it in the future.
If there's any additional info that would be helpful to have, let me know. Thank you to anyone who can lead me in the right direction!
