Just came across this forum, and reading all i can But need some guidance.
I am 45 and my wife is 7 years older and have been married for 10 years.
We live in a very modest 52 year old 1,400 SF home, owe $340K on a home valued at $650K, we max out her 401K every year including catch up contributions and have about $600K in 401K and 100K in 2 IRA's, we owe 15 years on the home but it costs most of her take home pay, for P&I / property tax.
We both drive 10+ year old cars with no payment, and my employer pays for my fuel, she works from home and I ride my bike to work 2 days/ week. My other days are spent on construction sites so can't ride but my commute is less than 15 miles each way.
How do we get to the point where we can save more? it seems to take's my salary to put food on the table and pay the utilities, which doesn't leave much for savings I know we can cut the cable, and eat out less.
ML