I'm 30, hubbie is 39. Combined income is 70 before taxes. We put about 500 a month into his company retirement- some sort of IRA.
We goofed off and saved nothing for years, travelling and all that. The past three years all of our savings have gone towards our house and his parents' retirement.
We own a house, have about 40K more to pay on the mortgage, but also will need to get a new roof and basic repair work, so probably you should think of it as 50K.
We have no other debt at all. We are in good health, have good insurance through my husband.
I have no retirement income through my job. So our only retirement income right now is through my husbands job- the 500 a month.
No other bills. All of our spare income goes towards paying off the house. We should be done with that in about 2 years.
So, what should we do when the house is paid? Good book recommendations? We can live on his income, so we will have about 20K a year to play with to put towards retirement.
2007-12-01
05:38:32
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6 answers
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asked by
blahblah
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