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43 & Maxing 403b, 457 - what next?
Old 07-30-2010, 05:43 PM   #1
Confused about dryer sheets
Join Date: Jul 2010
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43 & Maxing 403b, 457 - what next?

I was very lucky to get a great job in California (relocated from Oregon) and while there are state tax and personal income tax - still able to benefit from the move financially. I work in education and am investing the max - $15,500 in both my 403b and 457. I have a house in Oregon with under 100k on mortgage (just was able to rent it out after long vacancy) - about 10 years left on mortage (15 year mortgage). Also have 40k in Emergency fund. In addition to the aforementioned - also started this month putting $1000 into Vanguard for short term and the longer term. I don't know how long this financial position will last but am wondering if I should keep on this path or maybe try and pay off my mortgage early (or is there tax benefit since I own a home in Oregon and rent in California) or what are some other options to consider. Thanks for your patience and helpful advice.

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Old 07-31-2010, 01:59 PM   #2
Recycles dryer sheets
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Join Date: May 2008
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Sounds like you are doing well.I just want to comment that now that I am in the distribution stage I wish I had about equal parts of tax deferred and tax sheltered investments so I could have more choices of where to draw monies from.

Still if you are sheltering $30k every year you probably need the tax deduction now.

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Old 08-04-2010, 08:05 AM   #3
Recycles dryer sheets
Join Date: May 2010
Location: SW Ohio
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If your kids have earned income, fund a roth ira for them.
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