Just want to step out of lurking and write my first post. I've been visiting this site almost everyday for the past few months ever since I found it from googling. I've learned a lot and am glad to know that I'm not the only one who values LBYM and FIRE.
Here're some info about me:
me and wife: mid 30's, kids: 7 and 4
live in SoCal, 130k left on mortgage, no other debt.
Maxing out 401k at my work, wife is a stay-home-mom(for another two years at least.) 401k currently is about $35k.
Started my IRA 3 years ago, hers 1 yr ago. Both with Fidelity freedom fund. Before that we were saving money for the downpayment. Luckily, we bit the bullet and bought before the market went crazy.
Whatever is left each month(anywhere from $600 to $1k), I save it up and put it in my taxable acct(right now it's with vanguard target 2035) every few months. Current value is only around $19, no, 18, no, 17k. See how the market drops recently, I feel hairy about putting more $ in. Should I wait until the worst is over(like I know when that'll be,
) or should I just close my eyes and keep DCAing?
would like to ER by early 50's.
thanks in advance. I'm sure I'll have more questions to come.