Still new to "forums" so I will try my best here.
I am a 28 year old male, married with one child, planning on one more, have a full time "job" and I am going to night school for my business degree. My current employer reimburses me for my tuition costs so that's all good but after 6 years as a project manager and barely breaking 40k, I am starting feel like i am in the "rut". My wife, 27, has her masters in business and runs a home health facility so naturally she is the bread winner.
We recently refinanced our home of 4 years to 15yrs rather than the 30yr plan we were on. We didn't get any money back, our plan was to reduce our rate and years in hope of being mortgage free by the time we are 40. We actually ended up saving money on our monthly bill so by sending extra, we hope to shave an extra 2-3yrs. Currently we have about 45k in 401K's and IRA's but we know we need to make better choices in life to enjoy retirement and our family when older. I am not trying to leave a huge estate for my kids, I have a life policy to leave them "some" money, I am looking to put away money to live a comfortable life when I retire. I LOVE to fish, in fact I go out almost every weekend if the weather permits, and we like to travel and see new places too. I figure if I do things right, I can be mortgage free, enjoy the summers with the kids traveling around the US or other countries and fishing. Quality time....besides, I wont take my money to the grave and once the kids spend what I leave them, what memories will they have of me if all I did was work and stash my money away.
With all that said, I hope that everyone who has retired can pass along some advice or pointers in securing my own retirement. Even if your not retired, any advice is welcomed.
Thank you in advance,