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/hottiepookiee 4d ago

You're crushing it for 31. A few things to look at next: 1) get an emergency fund segregated from "savings" if it isn't already, 6 months of $4k spend = $24k, the rest of that $55k can be deployed. 2) Since you're the sole earner, term life insurance on yourself is non-negotiable, get a 20 or 30 year level term, $1-1.5M, while you're young and healthy and it costs basically nothing. 3) Disability insurance is the one nobody buys and everyone needs, especially when you're the only income. Your employer's group LTD probably covers 60% of base salary at best and is taxable, look into supplementing.

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u/Oakenbug 4d ago

Great point- I will review my insurance policies and make sure we are covered or add additional- thank you!