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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My student loans will be forgiven at the end of the year, meaning we will have an extra $1000 per month. Combine HHI is $360k. One 5 year old who goes to a cheap parochial school. No debt besides mortgage. Mortgage payment is about $3100 per month. Retirement accounts are at about $1 million combined. 529 has about $50k and grandparents say they will help pay for college (but I have no idea what that actually means). We both save the max in our 401k & TSP. We have about $70k in savings and a brokerage with a few thousand. We are both 45. We don’t really budget and live to travel. Should I just dump the extra $1000 in the brokerage? I’d like more in savings so maybe build that up a bit? No large purchases or remodels in our future. Thanks![/quote]

I'd funnel at least $500/month into the 529 and shore that up.  Also, do you plan to have another kid?  If so, you will need a 529 for them.

Then put the other $500 into vacation fund[/quote]

Thanks—no, no more kids. We are 45 and no way am I going through IVF again. [/quote]

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