Question:Well, scenario first- my husband (32 y/o) and I (28 y/o) have been thinking more and more lately about early retirement. Especially after familiarizing ourselves with this board! We earn roughly 90k a year. At this point in our financial lives, we are still cleaning up our credit cards messes and should have those taken care of by November of next year. After that point, we will have a healthy amount left over every month to invest (we've learned our lesson about overspending and are doing really well with budgeting these days). Our goal is to have the hubby retire at 40 and myself at 41. I have a pension plan at work that'll kick in when I'm 50 and the hubby has a 401K with about 15k in it right now.NOW, the questions:1) Come fall of next year when we intend to aggressively start our 'early retirement nest egg', do we opt for mutual funds??? (We have our son's college money in the Janus fund.) Stocks??? Do we do it via an IRA??? 2) Also, we intend to pay down our mortgage early as we have 25 years left at 9%. This way we won't have to worry about a mortgage payment in retirement... thoughts??? In terms of our plans, we only have about a decade or so left before we'd like to retire...is it even feasible to consider retiring so early considering we're just now beginning to plan seriously??? Our calculations are that we'll make approx. 300k in initial contributions to our retirement portfolio within the next decade to live off of during retirement...are we totally off in Lalaland on this early retirement thing??? Please enlighten us...Any and all info will be greatly appreciated and thanks in advance for the expert guidance,BGnAPp.s. sorry for the long post but these questions have been keeping me awake at night...AAARRRGGGHHH...
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