Hellow fellow Mustachians,
My wife and I moved in the US about 3y ago. We could not invest before being here for 3 years, that's legal definition of permanent resident. My wife has an expat contract with pension plan in Belgium. I work on a US contract and contribute 12% to my 401k with company 9% match. We have a house in Belgium rented 1950 euro with 1350 euro loan payment. We bought a house here 2y ago with a 15 years loan at 3.25%.
We have today 110k in savings, I want to keep 40k in savings just in case.
Now how to invest the 70k ?
I plan to open an IRA for my wife and maxing out tax deduction.
We have two kids and no 529 because so far we have Belgian account for them with about 14k on each account. But I guess we could open 529 for tax purpose.
I was thinking of opening an account on sharebuilders and start investing but I don't want to spend more than 2h/week on this. So I read about Betterment, Lending Club and Motif.
I read a few things on this blog and everybody seems to advice Vanguard alot. Should I just open a Vanguard account and put the money in what of their ETF ? And just let it work ?
In addition to my 401k contribution and the initial 70k, we can invest 3k/month. How to minimize fee with monthly additions...
Sorry for the long post but I believe all info is important to receive good advise.
Thank you for your thoughts.