We are looking at paying off our house by April 2019, 59K left(original plan). We are 32&36 we said if there was a drop in the market we would revisit. The house is our only debt. We fully fund 1 retirement 18.5k company puts additional 20k/yr, 2 backdoor roths 11k, 500mo to 529, and 500mo to brokerage account. All of these are automatic we currently put 3k/mo on the house. We have about 5mos emergency/cash funds on hand. The 59k- pay would be coming from my husbands yearly bonus and company stock sell off leaving our cash reserve intact.
Option 1: Complete original plan payoff house then up the monthly Brokerage contributions all other contributions are not affected.
Option: 2 load up 401k to max in these first few months of the year while the market is down paying only original house payment and funding additional $2100 into brokerage. Essentially funneling about 53k to brokerage +19k to 401k within Q1 of the year. The company continues contributions over the year.
Option 1: Complete original plan payoff house then up the monthly Brokerage contributions all other contributions are not affected.
Option: 2 load up 401k to max in these first few months of the year while the market is down paying only original house payment and funding additional $2100 into brokerage. Essentially funneling about 53k to brokerage +19k to 401k within Q1 of the year. The company continues contributions over the year.