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[quote=Anonymous][quote=Anonymous]OP here. PP, I don't know if I'll get flamed or not but it seems small in comparison to people on this board who are mega earners and have millions in savings/ investments. Keep in mind that my spouse and I are in our 40s and have zero plan for retirement or college savings with two young kids...so when I look at this figure and think that this is all we have in the world it feels small. Life is risky and one illness or loss of a spouse could devastate our situation. [/quote]

The median total net worth for all employed Americans is about $55k.  Something like 30% of Americans have no savings whatsoever.  In addition to a cushion of $115k, you have TSP (which you max out, yet don't seem to consider as part of what you have), plus you have health insurance, stable jobs, and possibly a small pension.  You really are better off than 90% or more of Americans.  It's silly, at best, to compare yourself to people who post about spending $40k on vacations.

Having said that, you need to consider what your risk tolerance is for that money.  Is is emergency funds that you want to protect the principal, and have easy access to?  If so, you might consider rolling it into ibonds, $20k a year, or putting it in an internet bank account.  Is a portion of it a long-term investment?  If so, you might consider putting it into an indexed mutual fund, perhaps a "balanced" fund that invests in both stocks and bonds.  You might want to visit the bogleheads forum, or the CNN/Money personal finance site ("Money 101").[/quote]

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