Could use some advice on where to put my money.
27 yrs old next month
Current salary 75k
Just purchased a house with my girlfriend – 300k, put down 60k of my money so 240k mortgage (3.625%)
Mortgage is around 1900/mo – high taxes where I live
I pay 900 of the mortgage plus all utilities – internet/TV, electric, etc.
No student loans, own my car, no CC debt
40k in savings account
I have a Roth 401k through work where I contribute 8% (250/mo) and my company contributes 110/mo currently into an ESOP fund. Current balance is 40k.
Also have a company pension that I don’t have to contribute to – around 10k balance so far.
My 401k is a bit messy – I’ve played around with allocations in the past so there’s shares in a ton of funds – I think I need to move everything to 1-2 funds. We have a S&P500 fund with <0.01% expense ratio. Should I allocate everything to that? There are also small cap, emerging market and intl funds, along with a bond fund and a ton of target date funds.
Also, should I be only contributing up to what my company matches and put the rest into a different type of account?
Any advice is appreciated.
switch2richnow 