Originally Posted by dsp0725
31 years old, late to the ball game of investing and saving. Here's what we're working with.
~47k in cash
~17k in 401K (individual setup, no employee match)
~5300 in Roth IRA
Income is roughly 185k a year.
Debt is ~308k house, ~8k IRS (0% interest), $11k student loans.
I'll be getting married Fall 2016, she makes about 30k a year and has zero debt, roughly 20k saved up. I'm trying to get her to fund a Roth IRA ASAP, she's 27!
So my question is, what would you guys do if you were me? I am thinking about paying off the IRS debt and Student Loan debt any day now.
But as far as investing and creating more cash, what would you guys do?
Thanks for the advice and looking forward to hearing from everyone on this forum!
I'll be 32 in July, getting married in August. Fiance just quit her job, wasn't worth it for low pay.
- My income is $183k
- $0 debt (paid off IRS & Student loan) Fiance has $0 debt
- $303k remaining on our house @ 4.625%
- $84,993 among my solo401k & Roth IRA
This year I need to open a Roth IRA for my future wife. As well as HSA's for us too.
I just wanted to share this update with everyone. Hopefully we're well on our way to retirement one fine day! Let me know if anyone has advice or comments.