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[quote=Anonymous]We are similar ages with 3 kids but a higher income (all DH, I don't work).  Here are some of the things that I do as the manager of our assets.

1. We aim to self-insure almost everything.  We have homeowner's insurance but the deductibles are very high, same with car insurance.  We do carry an umbrella policy to protect us if someone sues, and my husband has term life insurance.   I do not carry life insurance as a SAHM.  We never buy any kind of insurance for our phones, appliances, etc.

2.  We invest in Vanguard and also have a stock portfolio.  Our major aim is to keep fees lows, so no high fee mutual funds and no financial advisors.

3.  The kids 529's are with Utah (again Vanguard). Out of state grandparents are the major contributors to those funds so we just went with the low fee option.

4. We have a lot saved (really the majority of our money) outside of 401k's.  DH's job may not last forever and we don't want all of our money tied up in retirement funds. This is the one thing that is really contrary to most advice but we like have the flexibility of having savings outside of restricted 401ks.

5.  I keep my Federal TSP and will not roll it over into an outside IRA even though I don't work anymore.   The TSP is a really good program, IMO, and I can't beat it with an outside IRA.
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