My stab at the funds:
52% FID 500 INDEX (FXAIX)
18% FID INTL INDEX (FSPSX)
30% FID US BOND IDX (FXNAX)
I'd prefer an inexpensive total US market fund instead of the S&P, but I didn't see one in the list that had an acceptable ER.
I agree with some others. You don't have an emergency fund. You simply have a slightly larger balance in your bank account. A true emergency fund would cover at least 6 months of expenses. With two mortgages, you need a whole lot more than $15k. I'd start putting money into a true emergency fund unless you have some liquid assets that you didn't mention.
Then put as much as you can in your retirement accounts. When you can max those yearly, start paying down that mortgage interest. 6.62% is a painful interest rate, but a fantastic guaranteed rate of return.
52% FID 500 INDEX (FXAIX)
18% FID INTL INDEX (FSPSX)
30% FID US BOND IDX (FXNAX)
I'd prefer an inexpensive total US market fund instead of the S&P, but I didn't see one in the list that had an acceptable ER.
I agree with some others. You don't have an emergency fund. You simply have a slightly larger balance in your bank account. A true emergency fund would cover at least 6 months of expenses. With two mortgages, you need a whole lot more than $15k. I'd start putting money into a true emergency fund unless you have some liquid assets that you didn't mention.
Then put as much as you can in your retirement accounts. When you can max those yearly, start paying down that mortgage interest. 6.62% is a painful interest rate, but a fantastic guaranteed rate of return.
Statistics: Posted by WeakOldGuy — Wed Jan 08, 2025 4:01 pm
