How do we stack up? Whats Next?

[ricky bobby]

Here is our Situation:

We carry $0 debt
We have no children
I'm 38, wife is 39. We're a little late to the savings party, but damn, my 20's were fun!

Income:
-My Salary 80k
-Wifes Salary 167k (short term job, will return to 80-90K within 1 year)

Investable Assets:
$42040 Cash
$105478 - Vangaurd IRA VTSAX - Maxing out this year
$28646 - Vangaurd IRA VTSAX - Maxed out this year
$7698 - Edward Jones (I need to close the account and roll it)
$1880 - Betterment - This account is short term savings, and the balance changes often
$85473 - 403b - seeing 12% of Wifes Salary
Total - $271215

Real Estate Assets:
1. Rental (4bd/2bth) rents for $1440, mortgage payment is $955. Worth $212000. Balance is $131132. This is a property that we intend to hold just incase the MiL needs to live close by within the coming years. Equity $80868
2. Rental (2bd/1bth) rents for $750, owned outright. Comps selling for $60ish
3. Primary Residence worth $345k, mortgage at $260k. Equity $85k. We have no attachment to this house. Property values are rising here. When I can reasonably list for $375k, we'll sell and downsize.

Total Real Estate Equity - $225k

Not counting cars and such, total net worth should be $496k

Other:
We own 2 2013 Toyotas. Bought Cash.

We're not looking to retire soon. We both enjoy work. What are we missing? Whats the next step?

[reeshau]

What you are missing for a case study are your expenses and your goals.

[RWD]

How do you stack up? Well certainly better than the vast majority of Americans, though that's to be expected with your salary. I'd say you're roughly average for around these forums.

When do you want the option to stop working (i.e. when do you want to be financially independent)? That will dictate how much you need to save to stay on track. Also, as reeshau said, we need to see your expenses if you want any advice on potential money leaks.