Hey everyone. Stumbled across the site as my quest for early retirement continues. I know there are a lot of different strategies and I am excited to get some valuable insight from everyone here!
We are 42 years old. My wife and I are 4 months away from being completely debt free including the house. We have been following the Ramsey plan because it is simple stupid and his podcasts have kept us motivated.
Our current status is House is worth 400k and have about 300k total in retirement 401k's and mutual funds.
We are getting ready to come up with a master plan as we will not have any debt by the first of the year. We make a good living combined but not sure how long that will last as I am in sales and it is a roller coaster ride.
My initial thought is to continue maxing out 401k, come up with a flat amount to contribute to mutual funds and the rest save for a few cash purchased rental homes once the market cools down?
My job is very stressful and I do not feel I will be able to keep this up for more than another 10 years. Excited to be a part of this forum and eventually unscript!
We are 42 years old. My wife and I are 4 months away from being completely debt free including the house. We have been following the Ramsey plan because it is simple stupid and his podcasts have kept us motivated.
Our current status is House is worth 400k and have about 300k total in retirement 401k's and mutual funds.
We are getting ready to come up with a master plan as we will not have any debt by the first of the year. We make a good living combined but not sure how long that will last as I am in sales and it is a roller coaster ride.
My initial thought is to continue maxing out 401k, come up with a flat amount to contribute to mutual funds and the rest save for a few cash purchased rental homes once the market cools down?
My job is very stressful and I do not feel I will be able to keep this up for more than another 10 years. Excited to be a part of this forum and eventually unscript!
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