Hi Bogleheads,
I'm starting a new job soon that offers an RSA-1 deferred compensation plan (a 457). My wife has a job with a Simple IRA. I want to know if it would be better to have two tax-deferred accounts or if it would be better to increase the contributions to the Simple IRA.
More Information:
We are both currently maxing out Roth IRAs. We are both in our late 20s
Status: Married filing jointly
Salary: Me--40.3k; Wife--49k
Savings: 22k in HYSA
Roth IRA: Me--50k; Wife--72k
Wife's Simple IRA--6k
Debt: 122.5k mortgage @ 3.25% interest
Many Thanks!
I'm starting a new job soon that offers an RSA-1 deferred compensation plan (a 457). My wife has a job with a Simple IRA. I want to know if it would be better to have two tax-deferred accounts or if it would be better to increase the contributions to the Simple IRA.
More Information:
We are both currently maxing out Roth IRAs. We are both in our late 20s
Status: Married filing jointly
Salary: Me--40.3k; Wife--49k
Savings: 22k in HYSA
Roth IRA: Me--50k; Wife--72k
Wife's Simple IRA--6k
Debt: 122.5k mortgage @ 3.25% interest
Many Thanks!
Statistics: Posted by ManUtd4Life — Sat Jun 01, 2024 3:41 pm — Replies 0 — Views 94