Age 47: Only debt: $140,000 on mortgage; cars all paid for
Income with recent raises: 180,000/yr
Morgage/ taxes: 1450/ month on a house worth maybe 280,000
Maxed employer match for 401 and 403
Maxed Roth
500/month into a SPindex
What next as we have a lot of cash doing nothing and we don't spend a lot. It was the fear that kept my other half hanging onto too much cash rather then investing it!
Expenses coming up: college in 2 years - we will pay for the books ( kids have a Coverdale)
1: should we max 401/403B beyond the match?
2. Thinking of buying a lake cabin or a rental property?
3. What else should we consider
4. We throw a few thousand a year on our mortgage (30 year at 4.15%, done in 2042)