DW and I are DINKs, about 30 years old, making $270k (both have graduate degrees). We're maxing out our 401ks and using the non-deductible IRA strategy to fund Roths as well since we are over the income limits. The rest of the cash was going into the mortgage, but now that's paid off so may buy more of the dividend-focused mutual fund in our taxable account. Most months we have $10k left over after all expenses are paid. Our only debt is the student loan - interest is not deductible, but the rate is so low that I see no reason to pay it off. We have a fair amount of cash available but we may need to replace one of our cars in the next year, and we may relocate for work so could need funds for a down payment. Fortunately the cost of living in TX is low. We're thinking of starting a family next year, at which point one of us might stop working.
Any suggestions on things to improve? Here's our balance sheet ($K):
6 - Cash
64 - High yield savings (1.2%)
37 - I-series savings bonds (CPI + 3%)
120 - S&P 500 and VEIRX dividend mutual fund (401k and taxable)
54 - TIPS mutual fund (IRA)
93 - Bond index mutual funds (IRA)
220 - House estimated value (no mortgage)
(45) - Student loans (2%)
Any suggestions on things to improve? Here's our balance sheet ($K):
6 - Cash
64 - High yield savings (1.2%)
37 - I-series savings bonds (CPI + 3%)
120 - S&P 500 and VEIRX dividend mutual fund (401k and taxable)
54 - TIPS mutual fund (IRA)
93 - Bond index mutual funds (IRA)
220 - House estimated value (no mortgage)
(45) - Student loans (2%)