As the title says, I'm 32 and just crossed the $500k milestone broken down as:
Approx $250,000 in a taxable brokerage (divided up amongst VOO 50%, VB 15%, VXUS 15%, USRT 10% and other tech stocks to make up the last 10%)
Approx $250,000 in my 457b Roth
I'll have a city pension that will pay out roughly $200,000 per year (at age 50) if I continue working for another 24 years. (I would leave with about half of that if I retire in 10 years but still could not collect till 50)
(not counting emergency fund in HYSA)
My biggest concern is I own no property.
Currently Salary is roughly $190,000 yearly.
My goals are to set myself up so I don't HAVE to continue working till 56. (I love my job and I plan to continue, but would like to have the option to leave by 42 depending where life takes me)
I am truly incredibly grateful for where life has taken me so far.
I can't help but feel like there is more I could be doing to maximize potential growth for the future. Not owning property has been a constant nag in the back of my mind because it almost makes my NW feel fake? Not sure if that is valid or not, but I feel behind because I haven't started chipping away at a mortgage yet.
Looking for some direction, suggestions, recommendations on directions to focus my financial efforts. Lately, finding a duplex or triplex to house hack has been my main focus, although i'm not sure thats the right plan in this economy. (I live in an area that could support STR so I had been heavily considering the tax benefits if I were to STR one of those units) Should I stay the course? Continue the house hunt? Growth is my goal, im just all over the place on how to get there.
thanks folks
Just crossed the $500k milestone and looking for direction.
byu/Dagoth-Ur-Mom infinancialindependence
Posted by Dagoth-Ur-Mom