I paid off my high interest debt. I saved up my 6 month emergency fund. I maxed out my employer's match on my 401k. I maxed out my Roth. I have 6x my salary in my 401k at age 36. I have my down payment for my next home I'm going to buy. I have a 4 year old who I'm on pace to have over $100k in her education fund by the time she's 20. I invested in my self and went back to school and only have 3 more classes to pay for. I even spent 10k to fix my jacked up teeth this past year. I don't have expensive hobbies, but I still like to travel and vacation at least twice a year in non pandemic years (so I'm not experiencing burnout from saving constantly).
So, what do you do next? Is there a step I'm missing? What would be the recommendation for most people?
My two goals I have not completed are to retire earlier than my retirement accounts will allow me to start withdrawing and bridge those gap years. I have no "liquid" investment accounts, not sure where to start there in terms of my goals.
I also would like to set my daughter up as much as possible. I would like to try to save up money for her beyond college years, I plan on having her put any income she makes into a Roth and gift her equal money back, and want to give her money towards an emergency fund/home down payment. Is this where a trust would come in? I have no idea about these things. What can I do to make my daughter's life as easy as financially possible?
If you read through all that, you're a champ and I appreciate it.
Submitted April 08, 2021 at 12:16AM by mamakos84 https://ift.tt/3mvkYXf
