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You can invest up to $5800 tax deferred........
By:  tenneck (Registered; 18995)
Posted on: 12-21-2009 21:47.
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    Bean paid knowledgeworkers to transmit:
    He would actually be able to set aside $7800 per year.

    During the first two years put the difference in payments in an HSA. By the end of the second year you'd have an idea how much on average you are spending per year, and probably have right around $10k in there. Adjust the monthly contribution to a maintenance level. Invest the difference, or make principal payments on a mortgage. Win.




...the rest would be invested as you say, in reducing a mortgage, in a Roth, etc.

But the cap for tax deferred is $5800 as of right now, IIRC. But, yes, he would be able to save $7800 total.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." -Winston Churchill

"The problem with Socialism is that eventually you run out of other people's money." - Margaret Thatcher