I am 38 and am struggling to feel comfortable with my portfolio.
Currently, I have a Roth IRA, and Simple IRA and a brokerage account through fidelity. I max out my IRAs and contribute leftover money monthly into my fidelity account monthly.
Emergency cash is parked in a HYSA and set for 6 months.
Last night I took my current balances and compounded them at 8% for the next 25 years. I only gave the Roth IRA max contribution at the current limit, everything else I just let compound.
I came out with a 1.7mil portfolio. Of course with taxes and what not that number will be a bit less.
In addition my wife is a government employee with a great retirement plan.
Here is my dilemma…
I feel that I am “behind” and not putting enough away. Because of this I feel that I need to pour extra money monthly into my fidelity account. Sometimes stressing me out that I don’t “make” enough even though I can cover all of our bills and have money for hobbies, vacation, entertainment, etc.
I am not sure where this comes from and/or how to get in the right mindset with it.
1.7mil will definitely not be enough to live off, but even with just investing in my Simple IRA and Roth I feel that the fidelity account is an added bonus and wondering if it’s work it versus living and enjoying the moment with that extra cash flow.
Submitted August 01, 2023 at 01:22AM by Hour_Writing_9805 https://ift.tt/Fxjq1eg
