Greetings all, new to the MMM site. Enjoying the articles, and re-evaluating some things.
I'm 47. No Debt. Max out the 401K, have an external IRA that I max out the 5500. As well.
Currently have:
282K invested (401, rollovers, IRA) etc
75K in my son's college fund.
135,000 in cash.
Was looking into investing in buying a rental house, but I work a full-time job, play in 2 bands that keep me busy most weekends. Thinking that it would not be a good fit at this time.
So, I guess I've made up my mind to funnel some of the excess cash to a Van Guard fund. Maybe the 2030 target fund.
Is the Total Stock Market Index Fund a bad idea for someone my age?
Also, instead of dumping it in all at once... probably need to spread it out over the year?
Thanks for any advice offered.