We've recently paid off our last debt other than the mortgage and are working our way down the investment order list that was posted here.
We have most of the basics in place, however my DW's company has an ESPP program that she's withholding 10% of her paycheck into as they offer it at a 15% discount with a look-back. As I understand things now we should be selling this off as soon as possible and moving those funds into our taxable account?
0. Establish an emergency fund to your satisfaction Done
1. Contribute to your 401k up to any company match Done x2 (2 employers)
2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield. Done
3. Max HSA N/A
4. Max Traditional IRA or Roth (or backdoor Roth) based on income level Phased out, too much income (~$275k)
5. Max 401k (if 401k fees are lower than available in an IRA, or if you need the 401k deduction to be eligible for a tIRA, swap #4 and #5) Maxing x2 401k
5a. ESPP? Sell and convert into backdoor Roth?
6. Fund mega backdoor Roth if applicable
7. Pay off any debts with interest rates ~3% or more above the 10-year Treasury note yield. Done, $490k remaining on a 15 year mortgage @ 3% with 14 years left.
8. Invest in a taxable account with any extra. We're putting about $2,500/mo into VTSAX right now
Other info: Mid 40's 2x kids (15, 12) with partial college funds, $475k liquid, $350k home equity, HCOL area.
Just typing all this out shows me that I need to go figure out a backdoor Roth solution... any easy solutions out there?