KiteThePlanet
Confused about dryer sheets
- Joined
- Jan 26, 2013
- Messages
- 2
First I'd like to say what a great forum! I've already seen several forum posts that directly impacted questions I had.
I just turned 29 and we had our daughter several months before. Wife and I have cars paid for and school loans paid of (one Bachelors degree and one masters). Wife is currently working as a teacher and I'm working an IT gig. Jointly we have over 100k in retirement savings and about 60k in a savings account earning almost no interest. We are contributing max to our ROTH IRA's and doing ~10% of total income into a 403(b) and TSA plan.
In the past I had been very aggressively saving, contributing and overall ontop of things. However I found myself getting very stressed over uncertainty in the future regarding SS benefits and what my pension payout would be. I realize now with the little one that it is very important that I'm more on top of things. I think the most frustrating thing is that other occupations offer pension payouts that allow for early retirement (I know this is changing for just about everyone my age).
So I've got a few questions:
1) How many people wished they would have gone a different career path due to ease of retirement? And what was it? Was there a salary difference that would have allowed you to better invest the money?
2) Investing for early retirement but also investing in my daughters future? I know about Edvest funds, but I was hoping to put something in my retirement but also be able to use it for her college if she wants it. I've had alot of people tell me just put it into stocks.
3) Financial advisors?? Are they worth it?
4) what should I do with the bank savings?
Thoughts?
I just turned 29 and we had our daughter several months before. Wife and I have cars paid for and school loans paid of (one Bachelors degree and one masters). Wife is currently working as a teacher and I'm working an IT gig. Jointly we have over 100k in retirement savings and about 60k in a savings account earning almost no interest. We are contributing max to our ROTH IRA's and doing ~10% of total income into a 403(b) and TSA plan.
In the past I had been very aggressively saving, contributing and overall ontop of things. However I found myself getting very stressed over uncertainty in the future regarding SS benefits and what my pension payout would be. I realize now with the little one that it is very important that I'm more on top of things. I think the most frustrating thing is that other occupations offer pension payouts that allow for early retirement (I know this is changing for just about everyone my age).
So I've got a few questions:
1) How many people wished they would have gone a different career path due to ease of retirement? And what was it? Was there a salary difference that would have allowed you to better invest the money?
2) Investing for early retirement but also investing in my daughters future? I know about Edvest funds, but I was hoping to put something in my retirement but also be able to use it for her college if she wants it. I've had alot of people tell me just put it into stocks.
3) Financial advisors?? Are they worth it?
4) what should I do with the bank savings?
Thoughts?