Author Topic: What now??  (Read 4765 times)

dafoe1999

  • 5 O'Clock Shadow
  • *
  • Posts: 50
What now??
« on: July 30, 2013, 11:55:37 AM »
I max out my ROTH and 403B every year. I have 100,000/ 7years left on my mortgage. I have a 6 month emergency fund. What do I do next?

mgreczyn

  • Guest
Re: What now??
« Reply #1 on: July 30, 2013, 12:23:19 PM »
This is one idea.  In my opinion, it's a good one:
http://jlcollinsnh.com/2011/06/14/what-we-own-and-why-we-own-it/

fiveoclockshadow

  • Stubble
  • **
  • Posts: 216
  • Location: Baltimore
Re: What now??
« Reply #2 on: July 30, 2013, 12:29:08 PM »
What is the mortgage interest rate?

dafoe1999

  • 5 O'Clock Shadow
  • *
  • Posts: 50
Re: What now??
« Reply #3 on: July 30, 2013, 12:41:03 PM »
2.9%

matchewed

  • Magnum Stache
  • ******
  • Posts: 4422
  • Location: CT
Re: What now??
« Reply #4 on: July 30, 2013, 12:44:55 PM »
Invest the rest. 2.9% is really low, unless it is variable there is no reason to rush to pay it off.

dafoe1999

  • 5 O'Clock Shadow
  • *
  • Posts: 50
Re: What now??
« Reply #5 on: July 30, 2013, 12:47:47 PM »
So far it sounds like investing in a non retirement account is the way to go. Vanguard Total Stock Market Index Fund looks good...

secondcor521

  • Walrus Stache
  • *******
  • Posts: 5503
  • Age: 54
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: What now??
« Reply #6 on: July 30, 2013, 07:18:39 PM »
Make sure you're adequately insured (life, health, disability, auto, home, umbrella, etc.)
Make sure you're diversified.  My personal rule is no more than 3% in any one stock.
Pay off all high-interest rate debt.  You've probably already done this.
Save for your kids' college if you have any and think that's appropriate.
Then yeah, VTSMX in a taxable is what I'd do.

Another Reader

  • Walrus Stache
  • *******
  • Posts: 5327
Re: What now??
« Reply #7 on: July 30, 2013, 07:25:10 PM »
Have you considered rental real estate?  It has advantages (and disadvantages) that might be worth investigating.

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: What now??
« Reply #8 on: July 31, 2013, 01:35:26 AM »
I max out my ROTH and 403B every year. I have 100,000/ 7years left on my mortgage. I have a 6 month emergency fund. What do I do next?

Ask yourself if you are living your ideal life. If not, there's your answer.

dafoe1999

  • 5 O'Clock Shadow
  • *
  • Posts: 50
Re: What now??
« Reply #9 on: July 31, 2013, 08:13:34 AM »
Thank You everybody for your responses. It is much appreciated.

CorpRaider

  • Bristles
  • ***
  • Posts: 442
    • The Corpraider Blog
Re: What now??
« Reply #10 on: July 31, 2013, 08:45:13 AM »
If you have aq 403(b) it seems like lots of government and non-profit employers also offer a 457 plan.  The max annual contribution limits for each are separate and distinct and can be stacked according to my research, but I advise you to do your own DD.