I'm 36 and my net worth is about 700K. I'm married, with a newborn and plan for another. I'm in sales and my income is about $300K per year. My employer is generous and has a Roth 401(k), but I only contribute $7,500 a year. They kick in $37,500, so I am at the max allowed by law.
I hope to retire by 50, maybe 45 if I'm lucky. I have $400K saved so far, but it's all in retirement accounts, and I have very little in non-retirement. With the needs of a newborn and one more hopefully, I worry that I won't be able to save enough after-tax. I'll be 50, with a big fat retirement account that I can't get at for another 10 years.
Most websites worry about "will you have enough", and I guess I'm lucky because that seems certain. But, have I saved too much in retirement accounts and not enough after-tax? I already save the minimum for the 401(k) match, but maybe I should save elsewhere, like a Vanguard Index Fund?
I own a home, but have just $175K in equity. I also have the chance to make even more in my field, as I am underpaid believe it or not. Most in my field make at least $700K a year, so I could make a move if needed. I like my employer though for other reasons besides pay.
What would you do?