Salary: $10,000/month (combined)
Kyle’s main concerns, in their own words:
My wife and I have good jobs and bring home combined $10,000/mo. We have $0 credit card debt. We own a $200,000 home and have one car payment that is $440/mo. We have $30,000 in savings and I have $180,000 in my 401K. My wife has $60,000 in her 401K.
My question is what should I be doing with my money? I currently just put money in my savings accounts and 401K. Is there something else I should be doing to help save for the future? How should I pick a financial advisor or do I even need one?
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.