UPDATE::::::
We have been successful at paying off the credit cards and the car (just sent out a $2900.00 final payment this week). We have one more card at 0% $4500.00 which will be paid off by November when the interest rate changes.
Our only bills are : cable (135.00 but we are going to be reducing that this week), gas (130.00), electric (126.00), phone (130.00), mortgage 15 year @3.125 (three years in), groceries, HULU $7.99/month
We really never go out. We are home bodies. I am wearing the same clothes for the last 5-10 years.
Trying to ride to work on my bicycle now that the weather has warmed up a bit. 4 miles each way.
No gym fees have my own gym in the basement.
Wine on the weekends of about $25.00 a week.
Have two acres that we were going to start raising chickens for eggs and grow a reasonable sized garden for veggies.
One daughter going to community college for two years then four years for Physical Therapy. If grades are good enough she could get to a program that gives her free tuition for the final two years...another daughter who will graduate high school in 3 years then wants to go to cosmetology school.
The plan is my wife would like to get out of the industry in 6 years and then do whatever sort of semi retired. (nurse liaison for infusion company.) She will be 50 at that time.
She funded her 401k last year to $10,000.00 with a 6% employer match.
This year she will max fund @18,000.00
The value of her fund right now is about $43,000.00
I will be opening a 403B with my school board employer with Vanguard. I could feasibly fund $12,000.00 this year with the next year up to $13,0000 and up a thousand every year for the next 6 years..
Here are the options:
500 index fund VFINX
Balanced index fund VBINX
Capital opportunity fund VHCOX
Admiral Treasury MM fund VUSXX
Should I just go with the VFINX? What would you do differently?