I'm 35, married, with an 18-month-old child. Here's a quick snapshot of our finances:
Net Worth/Investments: $1.16M invested total ($1.1M in retirement accounts, the rest in a taxable brokerage). Plus a small position (a few thousand) split between BTC, XRP, and ETH – treating it as a lottery ticket or potential tax-loss harvest opportunity.
Debt: Only a 3.25% mortgage; no other debt (car, student loans, etc.).
Emergency Fund: 12 months of expenses in a HYSA (I know that's conservative – recovering auditor/risk management guy here, guilty as charged).
Contributions:
Both employers offer a 14% 401(k) match.
We're maxing out two Roth 401(k)s, two Roth IRAs, and an HSA (with a $1.50 per $1 employer match). Planning to continue this until 55, plus catch-up contributions once eligible.
Contributing $6k/year to a 529 for the kid.
We both plan to retire at 55 (no later). I'm aware of the Rule of 55 for penalty-free withdrawals from 401(k)s after separating from service at that age.
Question: With extra cash flow available for investing (beyond the maxed-out accounts), should I do anything special, or just keep throwing it into the brokerage account and VTI (and chill)? Appreciate any thoughts on optimizing for early retirement, like bridging the gap to 59.5 for other accounts or adjusting the emergency fund (a bit).
Thanks!