Personal Investments • Portfolio review (new house purchase, assumed low rate VA loan)

- My girlfriend (soon-to-be fiancée) earns about $180k.  She’s moving in, so she’ll contribute a TBD amount to the monthly housing costs.  She stands to earn a much higher income than me in the years to come.

You are in a situation where you need a pre-martial agreement since if she contributes to paying for the house and then you break up, either before or after getting married, figuring out how the finances will be handled will be complex at a time when emotions are running high.

- Thoughts on the Roth-vs-Traditional weighting in both my TSP and IRA?

In your tax bracket a maxing out any deductible traditional is an easy choice since you can always do Roth conversions later in a similar ta bracket or your life may take unexpected twists and turns an you might retire in a lower than expected tax bracket. Your heirs may also be in a lower than expected tax bracket. I did not look up the numbers but once you are married you may also be in a lower joint tax bracket especially if one of you decides to be a stay at home parent or work part time when you have kids.

After you have maxed out all your deductible accounts Roth's are still great and you should read on on Backdoor Roths and Mega Backdoor Roths to see if you can do them.

https://www.bogleheads.org/wiki/Backdoor_Roth

Statistics: Posted by Watty — Sat May 11, 2024 8:30 am — Replies 2 — Views 290

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