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I’m married, in my mid 30’s, working for the Federal Government and lucky enough to be in a position to try and maximize my pension / tax advantaged investments.

The first part is the Federal Defined Benefit Plan FERS. As I understand it FERS is a defined benefit plan that pays out ~ 1% of the average of my high 3 salary. The downside is if I leave the Federal Government before retirement it isn’t adjusted for inflation until I hit retirement age.

The next part is the TSP (Gov version of a 401K). I’m putting the max in at $16500 and the Government provides a 5% match. I have my money invested in a lifestyle plan based on my expected retirement date.

My wife works full time looking after both our children? and teaches 1 class per term at a community college. She earns $2000 - $3000 per year which she puts into a 403B again in a lifestyle fund based on her expected retirement date.

We both contribute to ROTH IRAs putting in the max each year at $5000 each.

We have 4 x 529 plans opened – one from each of us to each child to maximize the state deduction for the 529.

We have a mortgage with 13 years left @ 5.125%. I recently ran the numbers and it didn’t make sense to refinance.

We have an emergency fund at an online bank with about 6 months salary that earning peanuts and our own personal checking / savings accounts with some small sums – also earning peanuts.

I guess my question is, is there anything I should be doing different and what the next step for investments (putting more money into a savings account doesn’t seem like a good idea)?

I have an appointment to see a financial planner but wanted to get a broader opinion.

Thanks for your responses
Jonathan
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