I turned 35 not that long ago, and for some reason that seems like a huge milestone in my financial surroundings (30 years to 65 I guess). I generally feel pretty good about our financial picture and have reviewed the Prime Directive and related sidebar advice. My partner and I have already been extremely lucky (and worked hard) and are deeply thankful for what we have.
But I’m wanting to know what else we should focus on to safeguard our family and future. 240k left on the mortgage at 4% (30-year fixed). The house needed a little work, so we put a little less down than we could have and proceeded to go 30-year to carry out some short-term renovations, so we’re at like 89% LTV.
200k pre-tax (some compensation is performance-structured). I make more than my spouse right now, but my partner is just a little younger than me, and their career is likely to progress and bring their income up accordingly within the next 5 years (and hopefully beyond). We do not plan on that However.
Long-term savings: I have been extremely fortunate in that my parents do well for themselves and thought we would help with college. Additionally, I didn’t pursue expensive higher education beyond my bachelor’s (was simply finished with school), and they gifted me some money to start saving early as a result. 5k in a HSA we recently started. We’re maxing out my 401k and getting the match for spouse, and maxing both IRAs. … Read the rest
