Fresh on the scene, been reading and tracking MMM forums for a while now. Getting ready to close on sale of primary residence in April, crazy market in the WA area, bought last March for $718,000 and selling for $1.1 million. Relocating for work to Southern California. SO will be primary income, I will be a SAHD with 2.5 year old. With cash on hand, looking for recommendations. Current mortgage to pay off is $565,000, costs to sell, fees, taxes, etc., we plan to walk away with about $375-425k. We will set aside some for emergency fund ($30k) and plan to make some upgrades to the place we will be moving into (family rental, $50k), but want to do with the other ~$300k???
We are going to set some aside in the event we pay Cap Gains, although we seem to be clear with the relocation for work and are planning to come in under the $80,801 MFJ income threshold.
Would love some advice here, happy to provide more information if need be, we plan to MAX SO 401k with her new job, I won't be working for a while.
All signs pointing to brokerage account to remain flexible for early FI (both SO and I 35 this year)
Trying to FI in 10-12 years (more to come on that), have accounts with Vanguard (ROTH IRA and Brokerage) and Fidelity (Brokerage and UTMA). Not sure if we should DCA, $25k a month?
Appreciate the feedback, thanks for the time.