Spinoff On Roth vs 401K

I asked for an honest opinion. I feel like we are not putting up enough.

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Are you both teachers? If so, do you have other retirement vehicles?

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Kids are out if daycare now. We are lucky to live around one of the better public school systems in LA. Which doesnt say much.

Id say 75% of that $2k is for efund, the rest it vacation.

To clarify, my wife is a physician but she also teaches Med Students, Residents, and Fellows. By default she is a teacher too and eligible for a 403b (higher ed), 457 (state employee), and TRSL (state teacher's pension).

That's why I asked when I saw the 403b.

I'll take a flier here and see if I can help figure this out.

You guys make $195,000 - $18,000(403b) = $177,000

Assuming 30% to taxes, that's $123,900

After $30,000 to your mortgage and car notes that's $93,900.

After the $24,000 e-fund/vacation fund that's $69,900.

I'm gonna go out on a limb here and assume all of your other bills are around $5,000/month.

So that leaves you with just under $10,000 a year to spread into some other retirement accounts. I would personally throw $4,500 each into a Roth IRA. You guys are right at the threshold for income limits, so I think you need to backdoor money into your Roth IRA.

At what point will the coffers be sufficient enough for your e-fund? Once you determine that, and set a goal, you might be able to adjust your retirement contributions one way or the other.

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If I continue on this path, what am I looking like when it comes time to retire?

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Does your RJ guy not have planning services?

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I feel like we are way behind the 8-ball with this

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Here is a conservative and very basic checkup.

Thanks guys. Like I said, we are planning on doubling up on our Roth contributions at the end of the year. So that will help. Im going to tweak our finances and see if I can add a few more % to my 403B. What would be a safe Efund amount? 3 months of bills?

Thanks Slack