Would love thoughts on how to proceed…
Husband and I are 34, 3 kids (ages 3.5, almost 2, 3.5 months). Owe 340k on our home and we pay about 600$ extra every month trying to pay it quicker- this is our only debt.
370k combined in our 401k and Roths.
Have a 6 month emergency fund saved.
And have about 50k that we aren’t sure what to do with.
We haven’t started college funds for the kids just cause I’m worried about the 529s only being used for school. Need to look into Roths or trusts for them.
We’ve talked about putting it towards our current mortgage. Thoughts on paying off mortgages early vs investing?
Talked about putting it towards an investment property? I worry about this current housing market and taking on another mortgage.
Putting it in another brokerage account?
How do we make the best investment choice to benefit us later?