Quote:
Originally Posted by bimmerfrk
So Im 34, i have about 500k in assets, that's 100k cash, 250k house equity, and 200k in 401k. And im a slum lord in north western CT, though this is more of a liability then an asset time has proven
I have been maxing out my 401k for last 4 years. These gains were strictly from blue chip fund gains.
As far as other accounts i do not. But i dont think I'm doing to poorly for my age.
Oh yeah i drive an ///m car which we all know is the true measure of financial success
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I wouldn't consider home equity as part of your investment portfolio.
You're doing pretty good (better than the average American for sure but that's not really saying much) but I'd definitely be maxing out a Roth IRA via backdoor Roth for both you and your wife if I were you. Silly to not take advantage of all that is available to you.