I have been dragging my feet to begin investing, because I am completely uneducated in the matter. The information seems so overwhelming when I try to research and educate myself. I am 34 years old, recently sold my first house and bought my second, and am expecting my first child in January.
I am currently using about 10% of my income to split between stashing in a savings account and paying down the mortgage. I've always been extremely averse to debt, the mortgage currently makes up it's entirety. I believe I can make 15% work quite easily. I've just about hit what seems to be the recommended 6 month "safety net" in my savings account, so now seems like a good time to ask.
Should I continue to pay extra on the mortgage, or is the money better off investing into retirement? If investment is the answer, which factors should guide my decision with respect to what type of account to invest in? Am I better off getting a FA? If so, how do I research and choose the right one?
I've been lurking here for a few months, and everybody here seems respectful and genuinely interested in giving good advice. Since I'm ignorant, figured I'd give y'all a try. Thanks in advance for any time and advice spent on my account.
Submitted June 26, 2021 at 02:01AM by TRS86 https://ift.tt/3vYMRdm
