1.Check. happy with emergency fund1.Establish an Emergency fund to your satisfaction.
2.Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment),
3.Pay off high interest debt (a guaranteed high return, the next best thing to free money),
4.Contribute to a Health Savings Account (HSA) if available (unlike many other tax deductions, there are no income restrictions to contribute to an HSA),[note 1]
5.Contribute the maximum to an IRA, traditional or Roth (or backdoor Roth technique[note 2]), depending on eligibility and personal circumstances,
6.Contribute the remainder of the maximum employee contribution to the work-based plan, including an After-tax 401(k) (Mega Back Door) if available,
2.Currently contributing 6%; however employer cut match. Happy with low cost investment choices in plan.
3.Only debt is mortgage @ 5.125%
4.Having $1200 pulled from paycheck over the course of a year to cover the majority of deductible. Not happy with HSA people. Lots of fees and stuff.
5. Maxed out IRA first week of January
6.Plan has decent choices like Fidelity 500 Index Fund (FXAIX)
Question is: Because my employer cut the match on our 401k; should I stop contributing?
I can allocate the money to pay down mortgage, but there's a good chance I'm moving soon and getting married (which is why I haven't tried to do a refi)
I can start a new HSA account at Fidelity with the money and just use my work plan to pay for prescriptions. (semi healthy with no major needs on the horizon.
Cant put anymore in an IRA.
Last idea is to skip all those inbetween steps and continue contributing as I have been because I'm happy with my fund choices.
The best options I see are either to stop my 401k contribution and fund an HSA instead, outside of my paycheck which means I would pay SS taxes on that amount; or Stay the course and be happy.