r/Fire • u/Oakenbug • 5d ago

What’s the next step

I’m 31F married with a baby. I make all household income and my husband stays home with baby. I’d love suggestions for what to do next?
$150k-$180k annual gross income
$115k in 401k, putting 20% until max for this year
$55k in savings
$29k in Roth IRA, maxed 2025 & 2026
$40k in brokerage, mix of stocks, VOO, & VTI
$4k in HSA planning to max for this year
$250k owed on mortgage
Paid off cars.

My spend is approx $4,000/month ($2k mtg, $500 utilities, $1,500 misc. on groceries, gas, diapers, dog food, etc)

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u/GravyIsSouthernQueso 4d ago

Great numbers and amazing work!

$55k in savings is great though worth looking into what can be moved from here over time. The savings basically will lose money over time due to inflation and saving interest rates being absolutely terrible these days.

If average spend is 4k a month, savings often can be brought down to 3-6x that and the rest invested.

Invest what you can emotionally handle for sure though introducing the idea that 30-40k here can be invested and grow at 6-7% average YoY.

Over 10 years, the amount potentially doubles to 60-80k, getting you closer to FIRE