Hi,
I'm new to the boards and investing. I'm 33 and soon to be married, saving for wedding aside.
I have about 40,000 in savings and was considering using 5,000 for 2012 IRA (Roth?) 5,500 for 2013 IRA. Putting 14,000 toward mortgage and refinancing for lower rate.
Salary 38,000
Mortgage 130,000 4.875%
Student Loan 9,000
Car paid
No other debt. I have a very small simple ira.
I have a recent Inherited IRA account of about 60,000 that I want to transfer to Vanguard.
I was seeking advice on which funds to consider? Target Retirement, 500 Index, Global Equity?
Is this an expensive market and would it be wiser to put it in a short term bond/index bond fund temporarily? Or something else?
My goal is to save for retirement and to retire as soon as possible.
I know I need to expand my skills, knowledge and education to increase my income. Cut down spending and increase my savings in order to retire at a desirable age.
Thanks for your consideration-