I’m 30 years previous. I make about $70k a 12 months (earlier than taxes). My authorities job offers me a =pension for retirement and I throw in $500/month in my Roth plan (is that maxing out?).
I personal a home valued at $600k in California (purchased it for $415k with mother and father recognizing me the down fee) and owe about $230k in a 25-year mortgage at 2.5% with a $1,600/month mortgage. I at all times find yourself paying $2k/month by including an additional $400 in my principal funds.
I’ve $50k in financial savings.
I thought of investing in one other home as an funding, however the actual property market is sizzling af and I maintain getting out bidded. I'd actually suck at investing in shares as a result of I don't actually maintain tabs in the marketplace and I'm at all times afraid of a market meltdown (like proper now) and dropping my financial savings. I invested $2k in crypto as an experiment and it’s now valued at lower than $1k.
I used to be fascinated about placing some cash into the Sequence I Financial savings Bond with its 9%+ curiosity. Possibly that’s higher than simply preserving the $50k in my financial institution?
What would you do in my state of affairs? I am going to my credit score union's advisers and so they appear to simply wish to upsell me to some affiliate group to offer them extra of my hard-earned cash. I’m a bit weary about getting ripped off…
submitted by /u/Think_Radio8066