Our 2018 Savings & Investing Plan

2018 is well underway. Last year, M and I had a good amount of tax advantaged retirement “pots” available to us along with some employer match and contributions:

  • My 403(b) + generous employer match + contribution
  • My 457(b)
  • My cash balance plan
  • My backdoor Roth IRA
  • My solo-401(k)
  • His 403(b)
  • His Roth IRA
  • His solo-401(k)
The pots totaled close to $90,000 of tax advantaged space – not bad! With our move I lost some unvested money in the 403(b) and completely lost the cash balance plan. At the same time, I took advantage of the ability to contribute to a Mega-Backdoor Roth IRA and was able to contribute about $8,000 into that. Now we have new jobs and slightly different available pots this year:
  • My 401(k) + employer match
  • My solo-401(k)
  • My backdoor Roth IRA
  • My HSA
  • His 401(k) + employer match
  • His Roth IRA (may need to backdoor it this year)
  • His family HSA
  • Our taxable account
Our pots this year total around $80,000 + additional into a taxable account this year. We hope to bring our total 2018 savings to > $100,000. You’ll notice that we now have access to a health savings account (HSA) plan via a high deductible health plan (HDHP). M’s job allows unmarried partners to hop onto benefits at very affordable premiums. It was a no brainer to sign up our whole family. Since we are not married, we are able to take advantage of two HSAs – individual ($3,450) for me and family ($6,900) for him. We do not intend to actually use it for deductibles. We will be using it as a Stealth IRA or use it for medical expenses in “retirement.” Our asset allocation will remain the same as last year:
  • 68% US stocks
    • 17% Large cap growth, 17% Large cap value
    • 17% Small cap growth, 17% Small cap value
  • 24% International stocks
    • 12% Large cap developed countries
    • 12% Diversified emerging markets
  • 8% US REITs
Most of our accounts are with TD Ameritrade. You may have heard that they updated their commision-free ETF list and removed all the Vanguard ETFs. Bummer. So our FA has developed this new portfolio that closely mirrors the prior portfolio: We will be opening our taxable account at Vanguard. What do you think? Comment below!]]>

3 Comments

  1. Biglaw Investor on February 12, 2018 at 7:04 am

    Very interesting Miss Bonnie. So even with the new baby, you are both on HDHP plans? Have you written about this? Perhaps I’m under the mistaken belief that babies require a lot of medical attention during their first year such that an HDHP plan won’t work (or would be prohibitively expensive). I’d love to hear more about the cost of pregnancy / first-year baby medical expenses. Currently, I’m on an HDHP plan but my wife has a normal health insurance plan.



    • Miss Bonnie MD on February 12, 2018 at 7:55 am

      With HDHP plans, your annual physical (and her annual GYN exam) are covered 100% without deductible (well maybe less than 100% if you go out of network). For babies/kids – all Well visits are covered. You’re probably thinking of the well visits (few days after birth, 1 week, 1 month, etc) – these are their “physicals” – they just get them much more often at first then go to annually when they are older. The scheduled vaccines are also covered. Now, prenatal/maternity goes through the deductible. So in your case I’d leave her on the regular plan and consider putting baby on your plan (and get the full family HSA amount). Now of course, this assumes your baby is healthy and does not need visits outside of the Well visits.



  2. Hatton1 on February 12, 2018 at 8:51 am

    Well woman visits to my GYN office are covered at 100%. No copay at all. No copays on Mammograms and colonoscopies as you get older.



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