Just starting to be organized about retiring. I am 49 and husband is 53. Due to an illness that recurs, I am making plans to be able to retire between 59- 60. I really love what I do, but it requires my need to be super focused. Not able to do that as well as before treatment. As my illness will come back, I want to be prepared. I love what I do and the people, but it is definitely hard to stay on task more now.
Brief summary
House will be paid in 3-4 years with a good chunk of excess monthly cash accomplishing this goal. House is in country with 10 acres.
I max out my 401K and have for years.
Husband is late to game Professor. He will have state pension with 26-33% of his current salary depending on when he retires
We also have investments in dividends and some cash.
I have been thinking of investing more in dividends stocks, but I am trying to find a good balance. I am also reading up on Vanguard which may be a good choice to split any extra money between the two. I am not pleased with our current advisor as he has left cash for too long and not bought dividend stocks as I suggested.
Suggestions on tweaking my plan to pay down the house, save a bit more cash and invest in dividends or stocks? Are we better off slowing the pay down of the house and investing? Our interest is under 3% on the house. When cancer requires treatment which it will, I don’t want my husband left with a house payment. His salary easily covers expenses, but want him to have peace of mind.
Brief summary
House will be paid in 3-4 years with a good chunk of excess monthly cash accomplishing this goal. House is in country with 10 acres.
I max out my 401K and have for years.
Husband is late to game Professor. He will have state pension with 26-33% of his current salary depending on when he retires
We also have investments in dividends and some cash.
I have been thinking of investing more in dividends stocks, but I am trying to find a good balance. I am also reading up on Vanguard which may be a good choice to split any extra money between the two. I am not pleased with our current advisor as he has left cash for too long and not bought dividend stocks as I suggested.
Suggestions on tweaking my plan to pay down the house, save a bit more cash and invest in dividends or stocks? Are we better off slowing the pay down of the house and investing? Our interest is under 3% on the house. When cancer requires treatment which it will, I don’t want my husband left with a house payment. His salary easily covers expenses, but want him to have peace of mind.