I feel like an idiot for not knowing this sooner, but my wife (a teacher) has the ability to contribute to a 403b through Vanguard. When she first started teaching she was talked into a presentation to buy through AXA, but the costs were insane so I had her stop. I had assumed (BAD!) that AXA was the only option. Upon investigation, we can user Vanguard. I just had her open an account for her 403b there.
Our plan is to roll over her $2k from AXA to Vanguard.
Then I'm thinking I'll max her 403b with Vanguard and treat it the same as my 401k. Am I missing anything with 403b vs. 401k?
I'd estimate our income to be between $240k and $250k this year. We are already maxing my 401k and did Backdoor Roths. By maxing her 403b, we'll be contributing between 18 and 19% of our gross to retirement (35k pre tax, 11k after tax).
Anything I'm missing about 403b's or this plan? Thanks!