I'm early 50s with about 100K in an annuity that I can restart accumulation on next month and 85k in an employer IRA that has gotten strong returns (I chose a "growth and income" option, 100%). I have increased my percentage contribution to max out my catch-up contributions, and we've got about 60k cash buffer in an account with decent interest - we want that available in case of emergency. My husband's salary is our main income and he has about twice what I have saved. We own our own home; we won't be through our 30-year mortgage by retirement time, but we do have a very low interest rate from re-financing (think it's about 2.5%) and the house has increased significantly in value since we bought it.
I'm not sure what else to do. I got lucky with a very modest investment in the Reddit IPO and now have about $1,000 in stocks - I sold some of the Reddit near peak and got a smattering of other stocks with good press, but I see this more as hobby-level stuff since I have little knowledge / experience. I feel like I should be doing more for retirement, but I'm not sure what. Would love to hear people's ideas. I'm hearing rumblings about the markets being overheated - should I be adjusting my IRA distribution?
Submitted March 31, 2024 at 12:51AM by Terpsichorean_Wombat https://ift.tt/dYLIinu
