Hi everyone
I am so glad I found this site. I am a 35 yr old single female from NYC,work as an RN. I have been saving a lot since I graduated from a nursing school. I have paid off my student loans and a car loan. I also bought an apartment in 2003 with 25% down. I hate being in debt so I have been paying down my mortgage.So far, I was told that that was not a great financial move. I still have about 34K left to go.
basic stats
35yr single
income 96K, tax 25% federal,7% state, 8.65% city
195K in retirement accounts( 403b,Roth) (vanguard mutual funds, some indexed)
70K in taxable investment account ( vanguard mutual funds,some indexed)
25K in cash in MM earning at 4.3%
180K estimated home equity
mortgage rate is 4.625% arm, will be adjusting in 2/2009.
Asset allocation of mutual funds are approx. 65% U.S, 35% international. 100% stocks,no bonds.
My job is extremily stressful and burned-out rate among RNs is high.
I'm so wanting to retire early...like at 50 instead of 60 or 65.
so far I have been maxing out 403b and Roth every year. I have no pension but my employer kicks in about 5K/yr into a 403b. I also save 1K/mo into a taxable account. I plan to work 2-3x/mo as a per diem to supplement post retirement income.
I was told I need about 2 mil to retire at 55. The way I am investing/saving, can I retire at 50 with 2 million dollars?
I am not sure where I want to retire..probably in a low cost area. I'd like to keep my apt in NYC after I retire so whenever I want to relocate, I'll have a place. Is this a wise thing to do?
My money in MMF is not getting the same interest as it used to be so should I just pay off my mortgage before it resets?
I also want to travel and do volunteer jobs..like working for doctors without borders, habitat for humanity, peacecorps. I might get married later and prob. adopt or have a kid. Second thought.. I might not.
I know I am a girl with a lot of dreams. I just have to get there to pursue my dreams.
Your help is greatly appreciated. Thanks in advance.
tu
(I apologize in advance for any grammar mistakes, English is not my first langauge.)
I am so glad I found this site. I am a 35 yr old single female from NYC,work as an RN. I have been saving a lot since I graduated from a nursing school. I have paid off my student loans and a car loan. I also bought an apartment in 2003 with 25% down. I hate being in debt so I have been paying down my mortgage.So far, I was told that that was not a great financial move. I still have about 34K left to go.
basic stats
35yr single
income 96K, tax 25% federal,7% state, 8.65% city
195K in retirement accounts( 403b,Roth) (vanguard mutual funds, some indexed)
70K in taxable investment account ( vanguard mutual funds,some indexed)
25K in cash in MM earning at 4.3%
180K estimated home equity
mortgage rate is 4.625% arm, will be adjusting in 2/2009.
Asset allocation of mutual funds are approx. 65% U.S, 35% international. 100% stocks,no bonds.
My job is extremily stressful and burned-out rate among RNs is high.
I'm so wanting to retire early...like at 50 instead of 60 or 65.
so far I have been maxing out 403b and Roth every year. I have no pension but my employer kicks in about 5K/yr into a 403b. I also save 1K/mo into a taxable account. I plan to work 2-3x/mo as a per diem to supplement post retirement income.
I was told I need about 2 mil to retire at 55. The way I am investing/saving, can I retire at 50 with 2 million dollars?
I am not sure where I want to retire..probably in a low cost area. I'd like to keep my apt in NYC after I retire so whenever I want to relocate, I'll have a place. Is this a wise thing to do?
My money in MMF is not getting the same interest as it used to be so should I just pay off my mortgage before it resets?
I also want to travel and do volunteer jobs..like working for doctors without borders, habitat for humanity, peacecorps. I might get married later and prob. adopt or have a kid. Second thought.. I might not.
I know I am a girl with a lot of dreams. I just have to get there to pursue my dreams.
Your help is greatly appreciated. Thanks in advance.
tu
(I apologize in advance for any grammar mistakes, English is not my first langauge.)