Hello!
Combined we make 200 to 220 so tax savings from the 401k traditional contributions are pretty important.
That being said, I max my 401k right at the 18k limit.
My wife on the otherhand makes 40 to 45k a year and her company limits the 401k deduction to 30% of her income. $470 twice a month.
This puts her at 11k and change and baring a company wide policy change, or a big raise she will be stuck at that level.
The company also has a roth 401k that allows an additional 30% contribution.
Thus the delema, is it worth trying to find a % to fill up the 7k left in her 401k for roth contributions? We already invest in vanguard as a taxable account and max our IRAs as well.
The additional cash, would go into a taxable account instead and not be spent on junk.
Thanks!