We live in SF Bay Area as renters, the buying a house train passed us by a while ago. Our plan now is to retire in about 10 years when we are in our early to mid 50s, and move to a lower COL area and buy a home at that time. We currently have about 40x expenses invested, all in tax-advantaged accounts. We have very little in taxable accounts, but are looking to change that. Obviously nobody knows what home prices will look like in 10 years, but I would like to save enough to put as much down as possible.
I have two primary questions:
(1) We can save about $3500/month outside of tax-advantaged accounts. If we pare back 401k contributions to just enough to get match, we can probably up the taxable savings to $6000/month. Could this possibly be better especially since we have already hit "our number" in retirement accounts?
(2) Since our time horizon is 10 or more years, I was thinking of just putting all the money in the stock market (VT or similar). Would this be prudent?
I have two primary questions:
(1) We can save about $3500/month outside of tax-advantaged accounts. If we pare back 401k contributions to just enough to get match, we can probably up the taxable savings to $6000/month. Could this possibly be better especially since we have already hit "our number" in retirement accounts?
(2) Since our time horizon is 10 or more years, I was thinking of just putting all the money in the stock market (VT or similar). Would this be prudent?
Statistics: Posted by Lynx310650 — Sun Jun 09, 2024 6:09 pm — Replies 0 — Views 69