We currently have $150,000 saved for retirement (35 yrs old).
My husband is putting 10%+14% employer match into his retirement plan (he does not contribute to SSI). I am putting in 5%+2% employer match. In total, we are putting in 15% into retirement. In addition to this, we are putting $400/month into kids college, which will increase once they are out of daycare. Plus an additional $500/month into savings for general house repairs, car repairs, etc. We have no other debt and have our 6-month emergency fund fully funded.
We have an extra $900 in our monthly budget. Should this go into our IRAs ($450 each) or toward our house to have that paid off in 10 years (we recently purchased, owe $200,000 at 4.3%)?
Submitted March 17, 2017 at 08:23AM by NiferVol http://ift.tt/2nva3S7
