sunshine98
Confused about dryer sheets
- Joined
- Jan 26, 2014
- Messages
- 2
Hello,
Been lurking for awhile and have tried to get into investing and saving in order to try and retire early. What I have so far:
401k: $247K I max mine out (17K) with 6K annually from employer
Vanguard: 2040 fund IRA (maxed each year) $55K
Vangard taxable: VFINX $4K
VGTSX $3k
Emergency fund: $50K
Money set aside for a house: $140K (note not all is going to go to house, but down payment, closing, furniture, etc) and what is left I will use to either pay some more on it or separate to make sure I can make payments in case anything happens. Do plan to buy one in the area Im in and will probably have my mother stay with me (widow now). But after she passes, I plan to move. Hence is why I don't want to put everything down on the house at the moment.
Job: stable however not happy. So would like to change jobs, but not profession. Pay will almost be the same. Im in high tax bracket so not able to do a ROTH IRA.
40 years old at the moment, single. Not factoring in Marriage or kids in future right now. If that happens, then will restructure.
1. How do I look now?
2. With extra income how would you invest? so money can grow? etc
3. I would like to go part time by age 50. If that happens, then estimated income take home pay (after taxes) would be 40K annually. And just ride it out until retirement. Do you think this is feasible or would it make more sense to stay on the grind ful time?
Thanks! Plan to stick around an learn! and Hopefully Join the Club!
Been lurking for awhile and have tried to get into investing and saving in order to try and retire early. What I have so far:
401k: $247K I max mine out (17K) with 6K annually from employer
Vanguard: 2040 fund IRA (maxed each year) $55K
Vangard taxable: VFINX $4K
VGTSX $3k
Emergency fund: $50K
Money set aside for a house: $140K (note not all is going to go to house, but down payment, closing, furniture, etc) and what is left I will use to either pay some more on it or separate to make sure I can make payments in case anything happens. Do plan to buy one in the area Im in and will probably have my mother stay with me (widow now). But after she passes, I plan to move. Hence is why I don't want to put everything down on the house at the moment.
Job: stable however not happy. So would like to change jobs, but not profession. Pay will almost be the same. Im in high tax bracket so not able to do a ROTH IRA.
40 years old at the moment, single. Not factoring in Marriage or kids in future right now. If that happens, then will restructure.
1. How do I look now?
2. With extra income how would you invest? so money can grow? etc
3. I would like to go part time by age 50. If that happens, then estimated income take home pay (after taxes) would be 40K annually. And just ride it out until retirement. Do you think this is feasible or would it make more sense to stay on the grind ful time?
Thanks! Plan to stick around an learn! and Hopefully Join the Club!