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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OK I never say this, but you are saving too much for retirement right now. You are saving 21% of your gross income and then another 6.7%  in after tax income for the Roth. All of this is fine, except that you clearly have a pension (you and your DH? or just one of you?). And on top of that another $1000 for emergencies? You don't own a house, you have (I'm assuming) decent medical insurance. What emergencies are you thinking you will have aside from job loss (which I'm going to guess is unlikely given you have a pension which to me means you work for the government).  All told you are saving 37.6% of your gross income!

Your fixed expenses are only $2500 per month so you need about $15K in emergency savings (6 months worth). Stop saving for emergencies, stop saving in your Roth, and decrease your retirement savings to 10% of your income and you will be able to put away $50K per year towards a home. It will take you only two years to build up a decent down payment. Get on the property ladder and start building some equity.[/quote]

This person nailed it. [/quote]

This.[/quote]

Yep. For a year or two only put in up to your employer match. Once you have a downpayment and then the house, saving is easier. My mortgage has always been lower than rent.

[b]Also, your car insurance is pricey. I'm in VA and DH and I combined pay $400 every 6 months. [/b][/quote]

Maryland laws.[/quote]

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