Reply to What a self made multiple millionaire would do in your shoes to increase your net worth.

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[quote=Anonymous][quote=Anonymous]New poster here.  Thanks for doing this.

DW: 42 YO, making $90,000/year 
DH:  43 YO, making $450,000/year

Residence worth $1.8million, mortgage is 600,000 at 4.65%, 29 years left (recent refi).  (We might refi soon to 15 year mortgage at 3%).

600K in stock market 
600K in retirement accounts

3 kids in private school ($100k/year) 
Saving for 3 college educations (we have 100k so far in 529 accounts

[/quote]

Definitely refinance, but not to a 15 year.  The rate difference is not worth the compulsory higher payments.  It is better to pay it like a 15 year, than be obligated to it.  4.65% is not competitive currently.

You do not have enough risk exposure.  Look into real estate or if there is a business opportunity.  You might also want to consider investing in private mortgage notes.  With a lack of experience it is best to pool your money with a company like Bluewater Funding (I have no interest in them).  Have you rolled the retirement you can to a Roth?[/quote]

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