So I've been reading this forum for a while, but haven't posted yet. I'm looking for some opinions on my situation, I'd like to retire around 2033. I don't plan on buying bonds until I pay off my student loans. I'm planning on accelerating paying on them now that the stock market has risen recently.
2 kids under age 4, wife just finished her Masters
65 K income, saving at least 10%. Hopefully this income increases when my wife finds a job.
The positive
99 K in retirement accounts and 529 plans (Berkshire Hathaway and index funds)
170 K in taxable accounts (Berkshire Hathaway)
The negative
183 K in Loans (165 K student loans/18 K personal loan) 6.8% to 3% interest
133 K in Mortgage 5% interest (144 K value). If I try to refinance this FHA loan to a lower %, I get hit with a PMI payment higher than the savings.
2 kids under age 4, wife just finished her Masters
65 K income, saving at least 10%. Hopefully this income increases when my wife finds a job.
The positive
99 K in retirement accounts and 529 plans (Berkshire Hathaway and index funds)
170 K in taxable accounts (Berkshire Hathaway)
The negative
183 K in Loans (165 K student loans/18 K personal loan) 6.8% to 3% interest
133 K in Mortgage 5% interest (144 K value). If I try to refinance this FHA loan to a lower %, I get hit with a PMI payment higher than the savings.