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re: Was able to free up $1300/mo. What to do with it?
Posted on 11/3/19 at 7:08 pm to NaturalBeam
Posted on 11/3/19 at 7:08 pm to NaturalBeam
quote:
I’d do something more toward retirement. Or maybe some toward a 529 plan. I wouldn’t be too worried about your current debts.
Max the limit every year. While I’m not against doing something more towards retirement, I’m looking at a pretty nice pension upon retirement as well. Additionally, my kid’s college is already paid for.
2
Posted on 11/3/19 at 10:08 pm to 13SaintTiger
Good job. You seem reasonably squared away.
I’d pretend I didn’t have an extra $1300/mo for a while and just ignore it.
My experience has been I usually get great opportunities when I am least prepared for great opportunities.
I’m not disagreeing with anything here. I just wouldn’t be in a hurry to throw it at something. You’ll know when you know.
I’d pretend I didn’t have an extra $1300/mo for a while and just ignore it.
My experience has been I usually get great opportunities when I am least prepared for great opportunities.
I’m not disagreeing with anything here. I just wouldn’t be in a hurry to throw it at something. You’ll know when you know.
Posted on 11/3/19 at 11:59 pm to 13SaintTiger
Does "max the limit" include Roth IRAs? If not, fund one for you one for wife.
I'd put some of the excess into a taxable brokerage. Buy an ETF like VTI w/ low expenses ratio and doesn't create any capital gains until you sell unlike a mutual fund. You could use that $ for early retirement expenses before 59 1/2 and potentially pay 0% long term gains if your AGI is low enough. Otherwise, it's available for home purchase or other expenses.
I'd put some of the excess into a taxable brokerage. Buy an ETF like VTI w/ low expenses ratio and doesn't create any capital gains until you sell unlike a mutual fund. You could use that $ for early retirement expenses before 59 1/2 and potentially pay 0% long term gains if your AGI is low enough. Otherwise, it's available for home purchase or other expenses.
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