Thank you for responses.
My question was purposefully vague because I wanted some philosophical responses. I like generic understanding of the mechanics and variables that go into decisions. Your queries for information help me see what I need to ask myself.
I am worried mostly about liquidity. I don't want to pay off my mortgage because it will tie up the money in a non-liquid asset. However, I came to realize that my 401k isn't all that liquid either. Thus the question about vehicle choices. I was thinking of pushing into the roth because I can pull the contributions if a good investment came up.
As for details.
Age 34
married filing jointly+ 3 elementary school kids
tax bracket is top end of 15%
assets:
- 250k in 401k
- 15k in bonds (4%)
- 15k savings
- 70k equity in my house
Liabilities:
- 220k mortgage (3.875%)
- 5k student loans (1.65%)
I have some amount of pension but do to changes in its structure I ignore it in my calculations and will let it be a small perk later. I treat social security the same way.
I enjoy my work and have no plans to retire. My only goal is to not be wasteful as I work toward FIRE.
Thank you again,
DO