Im new to the forum, I spend all my time over at pro-touring and just recently found this place.I have a question for you guys and sorry if its been asked im only on page 25 of this thread at the moment and the great thing about this is because of this thread im ready to get back into investing. 10 years ago when I was 20 and single and in the military living in europe having the time of my life with no bills and no worries I thought I could become rich being a day trader and I blew 1000's and 1000's trying to do that. I lost it all in the long run and havent even looked at stocks since then. Now Im 30 married with a house and a stable job and its time to start investing and this thread is great.
Here is my question, I make alot less then most on this site and pro-touring, but its all relative really. I have all my bills paid off and I have 6 months of pay saved up for emergency. Only things I pay are house payment, health insurance and car insurance. I pay 10% of my paycheck to my works 401k and they add 5% on top of that.I feel that this should be enough for what i need for retirement but i would like some wiggle room. What should be my next step for investing, they rule seems to be to max out your 401k, but for me that wouldnt be possible giving the cap for that. Should I be aiming to pay the house off early my rough numbers say i could pay it off about 10 years sooner making me about 50 years old, or should i be putting money into a roth IRA, or should i be doing what greg suggest and do the dividend stocks.My thought would be the stocks as the compounding interest should pay off in spades 30 years from now giving me a very plush retirement.
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