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Reply to "Life advice needed (and 300k investment question)"
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[quote=Anonymous]If your kids are in private, consider moving a bit further out to pay less for a house. This of course depends where you work and where the kids go to school. But, still, something to consider. I'm not sure I'd be comfortable with a $400k mortgage on $7k monthly income. Don't forget about taxes. My $410k mortgage at 3.625% with taxes is $2415/mo. As a home owner, you will also have regular housing expenses, like fixing a toilet or replacing roof. I think you should aim to invest all of the $300k for retirement (it sounds like you are behind in retirement as a former SAHM) and use the $100k as a down payment and emergency fund (which you will need to slowly increase).[/quote]
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