It really depends on how much you make. It's very sensible to maximize the 401k because of the income. It saves you a bundle in interest.
I too might let the 3% interest ride and the primary mortgage. I'd probably pay off your student loan or the HELOC because the interest rate could rise.
Do you have an adequate emergency fund or taxable accounts to tide you over if you happen to lose your jobs?
Right now you have some very cheap loans. If you are pretty aggressive investor, which I am, I would start investing in taxable accounts.
Also do not think to rollover a non-deductible IRA in 2010 because of your income, it might not be worth it. You'll save maybe $30k between you and your wife. And you'll pay maybe 35-40% in taxes. I wouldn't do it. It will push your income in 2010 to a much higher level, unless you are not working or something.
People think the roth is the best retirement vehicle. It's good, but not perfect. It depends on the bracket you're in mainly and what state you live, if you pay high state income taxes it might not be worth it.
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