Greetings all, wannabe Mustachian here getting started. Curious about feedback on how to direct the money in my case (pay down mortgage and/or cars early? 529 plans? student loans?) to get on track for an early retirement (for me at least, wife could go full time to $130K currently and likes her job, has given me option of early out when the time comes). Seems like so many ways to direct the current ~$3K per month savings rate to get us (meaning me, really! :-) ready for early retirement. Basics:
Age: Wife and I are 33
Kids: 2 kids, ages 2 and 6 months
Household income (me full time, wife 80% time): $215K
Anti-Mustachian Socal House -Mortgage/taxes/insurance: $3400 ($520K mortgage started in 2011, balance of about $510K)
Cars: 2006 Honda Ridgeline paid off (think I will trade this for a Fit in the near future), 2010 Hyundai Sonata with loan balance of $12K at 3%
Antimustachian commutes: 60 miles round trip (me), 32 miles round trip (wife)
Student loans: $50K owed at 2% rate
Current 401K balance: $250K combined
401K savings rate: maxed for both of us
529 for college: 0 balance, just started $500/month contributions
Cash savings balance: $50K, thinking of putting this into a lazy Vangaurd portfolio
Thanks for any and all input, hopefully we can narrow these categories down one at a time!