Im glad I found this site I have been reading for a while. I'm running behind for retirement, I'm trying to catch up. I'm 47 married wife & 2 kids. 13 &16
I want to retire at 60 here is where I'm at.
Everything is in vanguard low cost
Simple IRA:$132k
Roth IRA: $130k
Taxable acct: $120k
529 acct : 15k will do are best
House main: value-425k owe 170k in the next 4 years or so will be selling in taking the cash to buy my smaller home for retirement. So by age 51 I should have no more house payment.
2nd home. Parents live there $150k owe $0
Saving
Simple IRA-DW and I max out total: 25k +3%
Roth IRA- DW and I max out: 11k
Taxable: 30k
I'm trying to be smart and save, been very focused
For Many years. I just wish I had started earlier. Will be teaching my kids to be better than I was.
Edit: emergency fund. always 20-25k cash on hand.
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I want to retire at 60 here is where I'm at.
Everything is in vanguard low cost
Simple IRA:$132k
Roth IRA: $130k
Taxable acct: $120k
529 acct : 15k will do are best
House main: value-425k owe 170k in the next 4 years or so will be selling in taking the cash to buy my smaller home for retirement. So by age 51 I should have no more house payment.
2nd home. Parents live there $150k owe $0
Saving
Simple IRA-DW and I max out total: 25k +3%
Roth IRA- DW and I max out: 11k
Taxable: 30k
I'm trying to be smart and save, been very focused
For Many years. I just wish I had started earlier. Will be teaching my kids to be better than I was.
Edit: emergency fund. always 20-25k cash on hand.
Sent from my iPhone using Tapatalk
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