Hello-
My fiance and I are getting married in December and will be combining our finances. I need some advice on how/where we should invest our money.
In 2017 we will earn a combined ~$95k. Our goal for the year is to only spend the equivalent of her paycheck...~$38,500. Where should we allocate our savings.
Both of our employers contribute to our retirement accounts even if we do not contribute ourselves. My employer contributes 10% of my salary to an SEP IRA (~$5,600), and hers contributes 7.5% of her salary to her 401k (~$2,900). This money is not included in our salaries, but is an extra benefit.
As of now, our plan is to contribute $18,000 of our savings to her 401k, $11k to our traditional IRAs, max out my HSA, and then put any leftovers in a brokerage account. All money invested will be in index funds in either vanguard or fidelity.
We typically spend ~2,000 a month, so we should be able to easily cover expenses on the equivalent of her paycheck.
Open to all advice and follow-up questions. Thanks!
