lucky_reaper
Dryer sheet wannabe
- Joined
- Apr 2, 2014
- Messages
- 23
I'll lay out all the numbers here first for you guys. I am 30 , wife is 29.
Debts:
172k @ 3.5% 15 year - house recent refi
55k @ varied rates - student loans
33k @ 2.99% - car
Cash:
85k on hand and saving about 50k cash per year after taxes
401k: mine
17.5k just started this a little less then a year ago , currently at 20% contribution
401k: wife
5.5k wife just started working this last year and is also just starting her 401k, also at 20% contribution
Pension: mine
650k @ age 60 forecasted
Pension: wife
500k @ age 60 forecasted
I am at 130k +/- hourly worker
Wife is in first year of working at 70k and has a great potential for growth , salaried worker
We have two children under age of 9.
We are new to the investment / 401k / financial independence / early retirement scene and would love to hear everyone's advise on how to invest, finances and life. Over the last year we have educated ourselves on all things financial and still have along way to go. We would like to retire in the 55 to 60 age range.
Thank you all in advance and please let me know if I need to post more information.
Debts:
172k @ 3.5% 15 year - house recent refi
55k @ varied rates - student loans
33k @ 2.99% - car
Cash:
85k on hand and saving about 50k cash per year after taxes
401k: mine
17.5k just started this a little less then a year ago , currently at 20% contribution
401k: wife
5.5k wife just started working this last year and is also just starting her 401k, also at 20% contribution
Pension: mine
650k @ age 60 forecasted
Pension: wife
500k @ age 60 forecasted
I am at 130k +/- hourly worker
Wife is in first year of working at 70k and has a great potential for growth , salaried worker
We have two children under age of 9.
We are new to the investment / 401k / financial independence / early retirement scene and would love to hear everyone's advise on how to invest, finances and life. Over the last year we have educated ourselves on all things financial and still have along way to go. We would like to retire in the 55 to 60 age range.
Thank you all in advance and please let me know if I need to post more information.