We contribute $150 per month to my Roth and $100 to Y's Roth IRA. We're contemplating stopping our Roth contributions because we want to be able to save more money for our house. I know that this goes completely against PF blogging morals but this is my life.
I know that I will miss out on compounding interest and opportunity cost. I know that from an outside perspective it just looks dumb. However, we want to build the majority of our house with cash so Y can do the work. A construction loan will put a time limit on us that probably be more costly than the opportunity cost of not contributing to our Roths.
Regarding our retirement, Y has 9% of his pay going into his pension that his employer provides. He also has $100 per month going into a 457. I do not currently have an employer sponsered retirement plan but I will in less than a year if I stay with my current employer.
I have already called to stop my contributions but Y hasn't. I can always just log on and still contribute any time that I like.
So, what do you think?