Convince Me To Max SIMPLE IRA

[steevven1]

I have no employer plan and currently max out a Traditional IRA.

Wife has a SIMPLE IRA at work and contributes exactly enough to get the full employer match. She also maxes out a Roth IRA.

We dump all the rest into a taxable brokerage account.

Ages 26/27, on track to FIRE in 5-8 years.

Are we doing it wrong? Why or why not?

[Radagast]

You should max out the Simple IRA. Avoiding taxes gives you more money. You can eventually roll it over using the usual IRA-Roth IRA process. Depending on your tax rate, probably either both of you should be contributing to Roth or both to traditional IRA. If your tax bracket is 15% probably it will be both to traditional.