@dylbertiii - after the sources I liked upthread, have you been able to prioritize your steps, or are you still looking for additional input?
Thanks for following up.
The forum link is a great help, thanks. Also, i'm actually in the middle of The Simple Path to Wealth on Audible, but i'll continue to read through that resource as well.
Another (blessed) twist is that we are going to sell some property my SO inherited in Europe for about $40k USD.
The only debt we have is student loan with about $35k left on it at about 5% interest (right on the fence according to the forum link). We pay about $380/month on that but try to chip off an extra $1k when we can.
Another curve ball: we'll be trying to have a kid within the next 12 months.
We can be convinced otherwise, but our idea is not to pay off the loan with the property money because it's unlikely that we'll have that kind of money around and we'd like to buy a house in the next couple years.
SO has citizenship in an EU country. This is likely a whole 'nother thread, but we're wondering about the best place to keep the money and have it on the ready when we're ready to make a down payment on a house. I'm thinking of perhaps an MMA for the 1.85% interest on the property money. Is there a European market that would be better? Do you have another idea (EU- or US-based)? Would also like to consider the best way to pay the least amount of taxes where possible.
Otherwise, my priorities are:
0. Emergency fund established (but will need to grow a bit as our family grows)
1. No company match for me; SO contributes above family match. Should we limit that to company match, and put the rest towards my 457 until maxed?
2. Debt is right at 5% i believe. Do you recommend wiping this out before maxing 457?
3. No HSAs. I have an FSA option. I'll look into it.
4. We should do Vanguard tIRA or Roth before her 401k but after my 457, correct?
≥5. I get it. Although, idt i'll have much leftover at this point.
I know this is a lot. I appreciate any response that you can give to any of the above!