My SO and I (35 and 36) bring in ~$180k gross. We have no debt other than a mortgage covered fully by BAH. We have two children in childcare (covered easily with our income) whose college is covered through a transfer of post 9/11 GI Bill benefits and a state benefit I will receive after a term commitment that will take me to >20 years.
I am on the high 3 retirement plan and will do >20 years. I max the TSP (23% trad, 7% Roth) as a CW3. All C fund currently. We max (already done for the year) two ROTH IRAs. FZROX, FZILX for me. FNILX, FSSNX for her just to diversify and see what fairs better.
My SO is currently contributing 5% for a 5% match plus another 15% which works out to $16224/yr total contribution including match. All traditional in VIIIX (large cap) and VSCIX (small cap)
I worry about having too much in tax deferred accounts in retirement and have opted not to max her 401k this year or last, but have instead been investing into a taxable brokerage and a splash of crypto. We have cash left at the end of the month and budget very well.
My question is am I of sound judgement opting not to max her 401k? Is too much tax deferred actually a thing or am I making that up?
Am I missing something else I could be doing?
Thanks in advance.
I am on the high 3 retirement plan and will do >20 years. I max the TSP (23% trad, 7% Roth) as a CW3. All C fund currently. We max (already done for the year) two ROTH IRAs. FZROX, FZILX for me. FNILX, FSSNX for her just to diversify and see what fairs better.
My SO is currently contributing 5% for a 5% match plus another 15% which works out to $16224/yr total contribution including match. All traditional in VIIIX (large cap) and VSCIX (small cap)
I worry about having too much in tax deferred accounts in retirement and have opted not to max her 401k this year or last, but have instead been investing into a taxable brokerage and a splash of crypto. We have cash left at the end of the month and budget very well.
My question is am I of sound judgement opting not to max her 401k? Is too much tax deferred actually a thing or am I making that up?
Am I missing something else I could be doing?
Thanks in advance.