Looking for some advice about where to be focusing our investing. I've done a lot of reading and it seems to me that we would be better off putting our money in a 401k as we expect our tax bracket to be lower in retirement than it is currently. My salary can be quite variable depending on overtime and how much I make at my 2nd job which bumps up my pay right now even more. Conversely, I see a lot of arguments being made for using a ROTH primarily because we still have 30 years to retirement and that is a lot of time for tax-free growth.
Right now, we're putting 10% into my 401k with a match and 10% into her 403b with company match. Roth contributions are minimal with most money going towards debt.
Thoughts on strategies moving forward? We've made a lot of progress in the last year and looking to keep learning and bettering our financial health.
Right now, we're putting 10% into my 401k with a match and 10% into her 403b with company match. Roth contributions are minimal with most money going towards debt.
Thoughts on strategies moving forward? We've made a lot of progress in the last year and looking to keep learning and bettering our financial health.
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