Asset allocation and preparing to FIRE
40m and 36f. 2 kids. MCOL. in the last two years we both became high earners ~$400k HHI before taxes and deductions. before this we were under the roth ira contribution limits.
my main question is should we be investing differently? the company we work for is great, the work is challenging and stressful and we’re working towards being able to exit in the next 8-10 years.
401ks - $600k - currently they are probably 70/30 roth and pre tax. we switched to pre tax when we hit higher income. these are in 2065 TDF
Roth IRA - $90k
Taxable brokerage - $300k
Cash/HYSA - $80k - I realize this is overweight currently
HSA - $20k
529s - $70k
Mortgage - $115k left, around $400k in equity. won’t exit until this is paid off.
Yearly spend is currently around $100k without the mortgage.
currently maxing 401ks, automatic $1k into taxable every two weeks. add more based on commissions and bonus, typical yearly taxable contributions are now around $50k to $70k
main questions - am I right to be throwing all the cash at taxable or would contributing to a traditional ira make sense and do roth conversions? my main thought about going all in at the taxable is i would like to not have to roth ladder the 401ks as a bridge until 59.5 if at all possible?