Hello all,
I have been reading MMM since i found his blog last August, and have tried to follow his example. i know i have suffered from some lifestyle inflation over the past few months, but have also made great headway in getting rid of all credit card debt. cards are paid off every month now.
here is where I am a having trouble, i started a new job making more money last July, and have money left in my old companies 401K, not a lot, but some, i have not yet started the 401K with this company, and am not sure i should, (they offer no match), i was thinking of moving my old 401K into an IRA with vanguard, i also am looking into starting an index fund with them, i have enough saved for to start one now. the only debt my wife and I have is the mortgage about 154k @ 4%, i don't know if i should be paying that down as quickly as possible, we know we don't want to stay in the house, as we no longer care for the area, we bought here because it was cheaper, and that if one of us lost our jobs we could still afford the mortgage.
my wife's job takes an automatic amount from her check that goes right into her pension, and she has been contributing extra. i believe i make enough now to max my 401K each year, but as i said they dont match. i am not sure which way to go.
i want to get a hold of "Intelligent Asset Allocator" by Bernstein to read through, and i have read some of Jlcollins stock series.
we are both in our early 30's, me closer to mid 30's, and i know we cannot wait any longer, i wish i knew some of these things 10 years ago.
Thanks All