Not sure this belongs on this board, but I like the title of "Wealth Creation Strategies" so I'm going with it . . .I'm 40 years old, single, no children. Every year I max out my 401k contribution and IRA contribution. I have 6 months of emergency funds saved. I have no debt aside from my mortgage, which I just refinanced to a 20-yr FRM at 4.625%I live enough below my means that I still have a little money each month that I could invest. This will grow as my earning power increases. I need some ideas as to how to use this discretionary money wisely. I'd like to put it to work. Some options:1. Accelerate my mortgage payments. There would be psychic satisfaction in that, but it's perhaps not the fiscally intelligent move. I suppose I can earn more with the extra cash than I would save in interest payments.2. Short term savings for near term extras (trips, the car I'll have to replace in a year or 2). Recommendations would be appreciated. Anything likely to get me more than 4.625%?3. Longer term investments to append my retirement savings. Again, recommendations for vehicles that could outperform 4.625% return.4. Other?Thanks for the input.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra