Married 43f sole income earner, husband 53m a student, and four dependents. We file jointly. I made $155,000 in 2023. I maxed out my 403b and will max out my Roth before filing taxes. My husband's IRA for 2023 has yet to be funded, and I would like to. We also want to save up to 20% as a down payment on a home. We were in the process of implementing the plan to save up when my job made some changes. I work OPT and averaged more than 30 hours weekly in 2023. Hence, in 2024, the children and I became eligible for medical insurance at $700 a month through my job BUT not my husband. We had to purchase his on the marketplace separately for $750. In the past, we would purchase our medical for our family on the marketplace for what it costs just for my husband. If I do fund my husband's IRA for 2023, should I do a traditional IRA or a Roth? Should I temporarily pause the 403b contribution to save up the downpayment? My job does not offer HSA. Is there any advice one would give?
Statistics: Posted by Tanise1980 — Wed Jan 24, 2024 6:25 pm — Replies 2 — Views 280