adventurechic98005
Confused about dryer sheets
- Joined
- Apr 26, 2013
- Messages
- 1
Hi from Washington state!
I am a 38 year old mom (married), with 2 children (ages 1 and 3). Our plan is to retire at age 60. I am a stay at home mom and am 'in charge' of paying bills, and pretty much run our finances. We have managed to get out of large debt and I am committed to investing as much as we can, for our future and our children's and future grandchildren.
Here are some stats:
We have 18 years left on our mortgage. And am happy to say the house will be paid off when kids are in college, hopefully in college
We are with Ameriprise (starting to thing about leaving their services)
and have the following:
-Husband has a $500 k Riversource VUL insurance policy, valued at $34 k
-I have a $300 k Riversource VUL insurance policy, valued at $23 k
-Husband has a Roth IRA, valued at $29 k
-I have a Traditional IRA, valued at $22 k
-I also have a Roth IRA, valued at $2 k
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All the above accounts are with Ameriprise, totaling $112k
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Plus, my husband also has a 401k with T Rowe Price, valued at $145 k
My husband currently invests 7% of his salary, and his company matches that, plus 2% additional percent (so a grand total of 16% of his salary is going to his 401k each year).
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So our investments currently total= $257k
He also receives quarterly bonuses from work that we use to pay down consumer debts and we will start to fully fund our IRAs each year.
I am becoming passionate and obsessed with learning about investing. And I am wondering what advice you all may have.
We pay 500 a year to Ameriprise for what seems to be an annual hour-long phone conversation where we are given an overview of our financial situation. It feels like a huge waste of money to me as I know exactly where we are.
What I want to know is how and where to put our money to make it increase and last. I had a half hour phone conversation with someone from T Rowe yesterday and learned way more from him than I have in the last few years with Ameriprise.
Thanks for your insight and recommendations of where to look in here for guidance! I appreciate it!
Susan
I am a 38 year old mom (married), with 2 children (ages 1 and 3). Our plan is to retire at age 60. I am a stay at home mom and am 'in charge' of paying bills, and pretty much run our finances. We have managed to get out of large debt and I am committed to investing as much as we can, for our future and our children's and future grandchildren.
Here are some stats:
We have 18 years left on our mortgage. And am happy to say the house will be paid off when kids are in college, hopefully in college
We are with Ameriprise (starting to thing about leaving their services)
and have the following:
-Husband has a $500 k Riversource VUL insurance policy, valued at $34 k
-I have a $300 k Riversource VUL insurance policy, valued at $23 k
-Husband has a Roth IRA, valued at $29 k
-I have a Traditional IRA, valued at $22 k
-I also have a Roth IRA, valued at $2 k
---------------------------------------------------
All the above accounts are with Ameriprise, totaling $112k
---------------------------------------------------------
Plus, my husband also has a 401k with T Rowe Price, valued at $145 k
My husband currently invests 7% of his salary, and his company matches that, plus 2% additional percent (so a grand total of 16% of his salary is going to his 401k each year).
---------------------------------------------------
So our investments currently total= $257k
He also receives quarterly bonuses from work that we use to pay down consumer debts and we will start to fully fund our IRAs each year.
I am becoming passionate and obsessed with learning about investing. And I am wondering what advice you all may have.
We pay 500 a year to Ameriprise for what seems to be an annual hour-long phone conversation where we are given an overview of our financial situation. It feels like a huge waste of money to me as I know exactly where we are.
What I want to know is how and where to put our money to make it increase and last. I had a half hour phone conversation with someone from T Rowe yesterday and learned way more from him than I have in the last few years with Ameriprise.
Thanks for your insight and recommendations of where to look in here for guidance! I appreciate it!
Susan
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