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)
- 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
- 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
We will be opening our taxable account at Vanguard.
What do you think? Comment below!]]>
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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.
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.
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.