60hour_wks
Confused about dryer sheets
- Joined
- Dec 24, 2017
- Messages
- 2
Feel im doing pretty well.
28y.o.
married
2 kids age 1&3
Income fluctuates between 140-160k year
Wifes income 44k year
My wife would rather save, and i would rather invest. Majority of her income that we have after bills is saved. Most of mine is being put down on our debts extra or invested.
1,000,000 life insurance on myself.
the good
401k: $277500
Wifes 401k: 14500
Pension: $47500
Savings: $24700
child 1 529: $3800
Child 2 529: $1600
Roth: $5600
Stocks: 7900
silver eagles: $560
Home equity: $272000
Paid off car: $8000
the debts
2nd car: -$25000 worth 35000
Home loan: -$378000 1st year done of a 15year
401k loan: -$11200 - regret taking it, won't ever do it again☺
Currently been paying down my debt as rapid as possible. Had about 50000 more debt at the begining of the year, 12k CC paid off, 15k from 401k loan and 22k from home loan. Paying the 401k loan first then paying off the 2nd car.
After those debts have been cleared i plan on putting as much as possible into a index fund till i can pay off my house. Is that foolish? I feel that worse case scenario is if the market tanks. Ill just transition to holding the funds long term.
Any other advice or constructive critism would be appreciated.
28y.o.
married
2 kids age 1&3
Income fluctuates between 140-160k year
Wifes income 44k year
My wife would rather save, and i would rather invest. Majority of her income that we have after bills is saved. Most of mine is being put down on our debts extra or invested.
1,000,000 life insurance on myself.
the good
401k: $277500
Wifes 401k: 14500
Pension: $47500
Savings: $24700
child 1 529: $3800
Child 2 529: $1600
Roth: $5600
Stocks: 7900
silver eagles: $560
Home equity: $272000
Paid off car: $8000
the debts
2nd car: -$25000 worth 35000
Home loan: -$378000 1st year done of a 15year
401k loan: -$11200 - regret taking it, won't ever do it again☺
Currently been paying down my debt as rapid as possible. Had about 50000 more debt at the begining of the year, 12k CC paid off, 15k from 401k loan and 22k from home loan. Paying the 401k loan first then paying off the 2nd car.
After those debts have been cleared i plan on putting as much as possible into a index fund till i can pay off my house. Is that foolish? I feel that worse case scenario is if the market tanks. Ill just transition to holding the funds long term.
Any other advice or constructive critism would be appreciated.