No. of Recommendations: 0

I'm in need of some advice here. My current situation is as follows:
45 yrs old
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

$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)

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?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.