If you want to free up some more cash, I’d pay off the car, although 2.5% interest is pretty good. You can take the extra $ and invest it in the S&P. I don’t think more than 40% is necessary for retirement. I do 15% and it’s plenty. Another property to rent out is a good idea but it’s a lot of work and I’ve heard it’s not always cash flow positive for at least a few years.
nimmy283 t1_ixwz1fn wrote
Reply to Parents left be about $33K in cash after they passed. How should I invest this? by JoExoticTigerKing
If you want to free up some more cash, I’d pay off the car, although 2.5% interest is pretty good. You can take the extra $ and invest it in the S&P. I don’t think more than 40% is necessary for retirement. I do 15% and it’s plenty. Another property to rent out is a good idea but it’s a lot of work and I’ve heard it’s not always cash flow positive for at least a few years.