- Joined
- Jul 11, 2017
- Messages
- 244
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What should I do/invest with $60k (bonus)?
37yo, late start to medical field, no student loans. Wife works part time making 20k per year.
Have 3 kids, saving monthly for college through 529 (projected $180k for their college each).
Already making extra payments on mortgage with $20k per year (9 payments left) interest is 3.75%
Planning to pay off $15k auto loan this year
I max out 401k (no employer match unfortunately)
Have a $20k cash emergency fun
I save an additional $30k per year outside of the bonus
Have 20% in bonds, 10% in mutual funds, rest in individual dividend stocks with DRIPs setup (total value around $250k)
I need to build up my portfolio, but hesitant with current evaluations.
Already do backdoor Roth’s yearly
Any suggestions? Looking for 4-5% return
37yo, late start to medical field, no student loans. Wife works part time making 20k per year.
Have 3 kids, saving monthly for college through 529 (projected $180k for their college each).
Already making extra payments on mortgage with $20k per year (9 payments left) interest is 3.75%
Planning to pay off $15k auto loan this year
I max out 401k (no employer match unfortunately)
Have a $20k cash emergency fun
I save an additional $30k per year outside of the bonus
Have 20% in bonds, 10% in mutual funds, rest in individual dividend stocks with DRIPs setup (total value around $250k)
I need to build up my portfolio, but hesitant with current evaluations.
Already do backdoor Roth’s yearly
Any suggestions? Looking for 4-5% return