Christina Ellis

So I wanted to get your opinion on if you think it's okay if we were to pause contributing and maxing out our Roth IRAs so that we could put that money towards our mortgage and pay off our house within our goals.

Well, I love this goal.

I love that you guys are so excited to pay off your house by 30.

That is so, so exciting.

But I am wondering, so would that be pausing all retirement?

You wouldn't be contributing anything.

You would just be putting everything on the house.

Correct.

So currently I have about $55,000 in a Roth IRA and my husband has several thousands in his Roth IRA.

And we don't have 401ks.

We just currently contribute to Roth IRAs.

So we would be stopping that.

Okay, well, I can see the temptation.

And it's like, I don't want to kill your motivation, because that's super exciting that you're stoked about it.

But I, we have the baby steps in order for a reason.

So retirement is going to come someday, even though you know, it seems far out at 25 years old.

But the beautiful thing about investing for retirement right

now is it's going to build compound interest over time and it is just amazing when you look at the retirement calculators and you see if you save aggressively in your 20s what that's going to be in 25 years that is amazing and the house is great but we also want this money growing at the same time so i would not say to pause your retirement i would keep investing 15 like baby step four you know doing the baby steps in order and trusting the process

Now, on the flip side of that, if you still want to hit it by 30, I would encourage you to start being creative on different ways that you can get more money to add to the house.

So I don't know.