New here, been reading for a while, and had a few questions.
A little info about me first, I am 34, married with a 2yr old. DW stays at home, I make around 100k, and have just hit the 100k mark in my roth, 401k, and traditional rollover ira. Happy about that, but feel I am a little behind.
I have 80k of about 150k left on my house (not making any extra payments currently). I have been trying like mad to pay down all debt (school, cars, credit cards) I have about 20k left total.
My question, I am about to inherit about $40k, obv I am going to pay down the 20k in debt, then I want to put the rest in retirement. My question is after I am debt free, how many of you would pay extra on the house or do anything else differently? How much would/do you guys consider good savings % for retirement. I am thinking I'll do around 25%, but could maybe do more if I didn't pay extra on my house. What seems to be an average or standard savings %? I only currently do 15% as I have been focusing on paying debt.
Another question, do any of you young dreamers buy ind stock, or do you stick with 401k's, roths, mutual funds/index funds? Is that plenty for someone my age? Do I even need to worry about owning anything else. I have been lucky on my only 2 stock purchases of my life (Netflix when it went way down, and APPL in the 300's) I know I won't likely keep getting those returns, but I do enjoy the fun I get (kind of a gambler by nature
thanks for any info, enjoy the site so far.