Madison MoneySports - Personal Finance Thread

[D_Eclipse9916]

your order of operations in correct (401k, HSA, Roth, back to 401k)... its all going to depend on employer contributions

I agree with this for most people. Mine looks different because my employer matches all 401k contributions (at 50%) up to IRS max and I'm not eligible for Roth.

Baller!

We fall under it now that the wife has pulled back.  I am betting on taxes going higher and that our income with very little write-offs at retirement will continue based on my estimates.  We each max the $18.5k  (now $19k and this max doesnt include your work matching) into our 401k Roth, then each max out our personal Roths $5,500 (Now $6k).  Remember it's AGI, not your gross income so include your deductions to try to get under if you are borderline. 

It's really a shame our employers (fed gov and Deloitte) dont offer much in matching like you get, as that would be a huge benefit to us.  I get a laughable pension, and 1.5% matching on 401k; Jess gets a slightly better pension but nothing like her mom and dad and I think 4% or 5% match. 

We don't use HSA, because we do not use a high-deductible health plan.