What are you and your spouse comfortable with at the end of the day? For me and my wife when we hit a similar milestone, my wife slept better knowing a financial advisor was making recommendations so they have some of our money. I still have a brokerage account and buy and sell, but we have a nest egg with a plan we both made together for the future.

The idea of dollar cost averaging over the next 6 months a year still gives you the chance to make money in the market and in a HYSA. This is currently what I am doing and it works for me. We have a mortgage that could be paid off, with a slightly lower interest rate and I am just putting a little more than our monthly payment to principle over any mortgage payment.

For me it was always easier to move smaller amounts of money, but I know plenty of people who put the whole $100k in VOO or a combination and sleep fine. Good luck

I would rather have that $100k in retirement savings than emergency savings. Do you have 401ks and/or IRAs? Are y'all maxing those?

Yes

Lots of tax bennies with rental property. Everything is deductible and it's considered a depreciating asset even if you sell it later for more than you bought it.

Good advice imo. Turn it into $500k + between now and retirement.

10andBOUNCE said:

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@NFLPlayerProps said:

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A 3.2% mortgage is an asset right now, not a liability. I wouldn't pay one cent of that early.

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I don't necessarily disagree with the sentiment, but those calling a low interest mortgage an asset would be wrong.

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Inflation is back up to 3% as of the estimates from yesterday. We are not far from that mortgage having a negative real interest rate.

It is still something you owe, which by definition is a liability.

Personally, I'd put half into retirement account and the other half into your kids' college fund. $91k with two kids in late elementary (guessing 3rd and 5th) looks light, IMO. You have, by my guesswork, between 7 and 9 years before that fund starts taking draw downs. Not to shock you but the cost of college is or can be a huge challenge. If I was advising you, I'd set a target of $150k/kid per 4 year college, so around $300,000 by 2031/32.

Good luck with whatever you decide to do. You're in a great position financially.

If you're already maxing 2 401ks and 2 IRAs, put it in S&P500 index fund.

If you have any connections in real estate id invest in a Multifamily private equity fund. Common or pref equity in ground up deals in Texas and Sunbelt.

Supply drop off and macroeconomics about to kick off a new development cycle which will be hotter or cooler depending on market.

Investing in funds spreads it across different markets and sponsors. Less risky than other investments if pref.l equity.

Wouldn't mind if it was an acquisition fund but main thing is trust the firm and sponsors they work with.

I also like sidecar deals but only bc I'm in the business and do single deal investments if it makes sense to me based on my experience and passes the sniff test of my close friends who might have a separate niche of my expertise. (Asset class/use, engineering, subscription docs being market, etc).

Went long on a land deal that was smoking hot and last closing set for November. 2.86x multiple over 36 months! Already have invested capital back and then some.

You need some exposure to crypto currencies. Learn about hardware wallets and buy bitcoin with it, or you can buy MSTR stock, which is essentially a bitcoin proxy. Congrats on being so healthy financially with your young family. Gig 'em!

50kon your debt and save 50k hard cash. Rinse and repeat