32 years old, married, and have $46k in savings, as well as roughly $20k in some more aggressive stocks/ETFs
I Max my ROTH IRA yearly
I DO NOT max out my 401k yearly, however I do max my employer's contribution match of 6% (I plan on upping my contribution to 8-10% here soon)
We have an investment property in a great area (currently rented), and recently built our home that we plan on being in for the long haul.
I allocate about $1200/month to savings, however, I don't think I need to keep funneling money into savings, getting sub-1% return, since it's where it should be. (FYI - this savings is inclusive of our emergency fund and equates to about 9-10 months of fixed expenses, INCLUDING investment property mortgage in case of vacancy)
My question is moreso partially for the mid-term....say 10-15 years because we do plan on having kids soon, and have some large home projects we'd like to do (i.e. Patio, deck extension, finishing our 3rd floor, unforseen child expenses etc.)
I've thought about allocating my $1200/month to a fund like ITOT/VTI or something similar, possibly a managed fund through Fidelity. Something conservative, and something that I can pull from 10 years down the road if we decide we need it. My thought would be to DCA into it, and invest to the tune of $250/week or so.
Thoughts on this?
All other recommendations are also welcome!
*posted this in "savings" thread, but didn't get responses*
Submitted July 27, 2021 at 09:30AM by TravRado1024 https://ift.tt/2TD9nvn
