Personal Investments • Retirement Investing For A 30 something Year Old

Hi there,

Longtime lurker, first time poster. I am a late bloomer (mid-late 30's) in regards to retirement investing. I have a question regarding where my wife and I should invest excess cash in ideally tax deferred retirement accounts. She owns a small business and I am an employee. We are in process of transferring our managed funds from Edward Jones to Vanguard & Fidelity. We file married but separate due to student loans. Here is our current rough portfolio:

Mortgage: 330k remaining @3.2%
HYSA: 32k (5% APR)
Wealthfront: 5k Invested Brokerage
Roth IRA (Me): 21k Vanguard VTSAX & VXUS
Roth IRA (Her): 9k VTSAX
SEP IRA (Her): 67k (Transferring from EJ and will use 75:25 ratio with Vanguard in big 3)
Roth IRA (Her): 7.5k Similar to above
Roth IRA (Me): 5.1k Similar to above but Fidelity
SEP IRA (Me): 9.5k Similar to above but Fidelity

We will continue making 25% SEP contributions until the EOY. Unfortunately, Vanguard doesn't allow 2 SEP IRA transfers so I had to go to Fidelity. My question being, since we cannot perform a backdoor Roth without Pro Rata, what's the best move here to maximize retirement funding? Contributing more towards mortgage interest?

Thanks for your time.

Statistics: Posted by OregonJerry — Fri Sep 27, 2024 1:51 pm — Replies 2 — Views 168

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