UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev | Next
Author: RCMX One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Where to invest next? Date: 7/16/2014 5:20 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Folks,

I'm in need of some advice here. My current situation is as follows:
45 yrs old
married
3 young children
I am the sole breadwinner, wife is home with the kids...not headed to work anytime soon for some very good reasons.

Debts $300K on a $500K home
Car Loan: $16K @ 1.9% 3yrs left

Assets:
$700K in Retirement Funds (100% equity-based mutual funds)
$15K in a Brokerage acct ( I currently put $400/month into Total Stk Mkt Index Fund in this acct)
$130K in 529 plan for the kids
$90K Emergency fund in MM earning .9%(yep, that's right)

I currently have term life insurance on both my wife and myself( w/ adequate coverage)

The QUESTION:
I'm looking for my next step into investment, but unsure of where to go.
The DOW currently sits at an all time high of 17000.
I have 90K basically sitting on the sidelines, losing ground to inflation.
What should I do with the next $10K that I want to invest? Where? How?
I am maxing out the 401k, getting the largest possible match.

My earnings don't qualify me to contribute to a Roth IRA.

I don't want to buy bonds in a low-interest rate market

Where do I go with some measured risk and get a decent return on my money?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement