So, I've been around the forums a bit. Been working on knocking out some consumer debt super quickly and learning to trim other expenses drastically. Soon the last bit of consumer debt will be gone, and outside of keeping a bit in an accessible account for emergencies, I am hoping to open up a Roth IRA (or maybe two).
Husband's job offers a 401K, and he contributes 8% (first 4% is matched). Husband isn't necessarily on board with FIRE, but we do feel behind in our investments and retirement in general, even if we don't retire early. I work for a non profit and do not put in a full 40 hours, so I am not eligible for a retirement plan through my job. My income (within the next 6 months) will be entirely "extra" (aka, not needed to cover even liberal spending months). With that, we should be able to max out 2 Roth IRAs (limit is 5500 each I believe) and then some. I make between 16k and 18k a year. We have almost no tax deductions outside of the standard, so anything that will shield us from that would be nice too.
I will admit to being extremely math challenged. I can do general budgeting and I understand compounding interest, but the fees/company options/overall returns on various accounts has me incredibly overwhelmed, and my husband (much more technically minded) hasn't been inspired by my efforts yet to do any research.
So -- what's your favorite Roth IRA option? If my husband has a 401k, we could still open a second IRA in his name, correct? With a goal in mind, we can save a bit and buy into a higher threshold investment account if the benefits are better. I just need direction and some specific links to look into. My head hurts....
Bonus question: what should I do with the rest of my income beyond the two Roths? If we can keep our expenses low (barring major medical or vehicle replacement) that additional 5-7000 needs to go somewhere so we don't spend it. But I'm not sure what the best option is beyond the Roths. Should we max out his 401k?