What Else Should I Be Doing?

What Else Should I Be Doing?

I flipped 35 not that way back when, and for some reason that seems like a big milestone in my financial landscape (30 years to 65 I assume). I generally feel very good about our financial picture and have reviewed the Prime Directive and related sidebar advice. My partner and I have already been extremely lucky (and worked hard) and are deeply thankful for what we’ve.

But I’m wondering what else we should focus on to safeguard us and future. 240k left on the mortgage at 4% (30-year fixed). The property needed just a little work, so we put a little less down than we’re able to have and proceeded to go 30-year to do some short-term renovations, so we’re at like 89% LTV.

200k pre-tax (sum payment is performance-based). I make more than my spouse right now, but my partner is a little young than me, and their profession is likely to progress and bring their income up appropriately in the next 5 years (and hopefully beyond). However, we try not to plan on that.

Long-term savings: I have already been extremely fortunate for the reason that my parents did well for themselves and chose to help with college. Additionally, I decided not to pursue expensive higher education beyond my bachelor’s (was simply finished with school), and they gifted me some money to start saving early as a result. 5k in a HSA we recently started. We’re maxing out my 401k and getting the match for spouse, and maxing both IRAs. With intense keeping for our home we’ve not been able to make brokerage investments this year, but I hope to continue that. We’re aggressive in stocks at about 90/10 ratio with wide market publicity.

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  6. Decision Management

I expect these amounts will see some rocky times before my 30’s are away seeing as the marketplace is at an all time high, but we won’t touch this money if the marketplace tanks even. Should I concentrate on making extra mortgage payments or investing? At 4% it would seem the smart move, long-term would be to place on the market, which would outperform savings on the mortgage.

Once we care for maxing tax advantaged cost savings vehicles, where could we turn to make our money work for all of us more? I feel like investing in a company / investment property is a little of a stretch at this time. Do people prepare for bringing a child into the family by building up a fund for it? Just how much if so? Haven’t found many books on this.

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