Skip to main content
No. of Recommendations: 0

Wife and I have income around $120k. I am eligible for 13% to TSP (govt. version of 401k). Additionally, my wife is currently eligible for 403(b) of up to 13,000/year until she is there a year, and can open a 401(k).

Beingn we'd like to save as much as possible in tax-deferred accounts, which would be the best path for maximum tax savings?

Our plan thusfar goes like this:
- Invest 5% (the highest matched) for TSP
- Max both spouse and I's Roth IRA
- Invest remaining 8% into TSP to meet limits (13% max allowed)
The next steps then confuse me:
- Put as much in 403(b) for wife or Traditional IRA or something else?
- What to do with remaining savings (if we have any?)

Thanks a bunch,

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.