30 yrs old with wife and daughter
Hello all and thanks in advance for reading. I have been in the boilermakers union for 12 years and just recently moved to working full time for an employer. I make $75k a year now and am putting 15% in a 401k, the company matches 3%. The company also puts 4% a year in a pension/annuity plan. While with the boilermakers union I put about $100k in an annuity through them, and $100k in their pension(i am vested). If I had stayed working with the boilermakers I would have been able to retire at 58(most likely). I am interested in putting extra money in some type of savings in order to at least stay on the track that I was on. I am looking at putting at least an extra $5k in some type of investment per year. My problem is that I dont know where to start. Any and all advice is much appreciated. The reason that I am starting now is bc I get a bonus and my tax returns about the same time, and would like to start putting them in my retirement directly. My thoughts are that if I can save for my wife and I, then we will be in better shape to help with college when it comes, as opposed to saving for that as well. We currently only have $5k each in life insurance.
Also, I like to keep $20k in our savings at all time and cant help but think that there is a better place to keep it than a savings account. Maybe gold? Stocks? High yield savings? Anyway just somewhere that I could acccess it in an emergency but have it making more than a BOA savings acct.
I thought I should add that my I get a group rate on insurance through my employer, and my bills are about $2000 a month including a $1100 30year mortgage. Since I am looking to retire around 60 I would like to have a home paid off before retirement. I also like the idea of having a piece of land somewhere, that we could build on after selling our paid off home(while staying in a small cabin or camper on said land). We currently live in CT but will move to a cheaper state/area when retired.
Confused about dryer sheets.
(also confused about folding fitted sheets)