| Asset Type | Balance as of July 2025 |
|---|---|
| Taxable Investment Account | 46,088 |
| Roth IRA | 52,284 |
| Citi 401k | 23,444 |
| John Hancock 401k | 80,261 |
| HSA Investment Account | 2,599 |
| Cash on Hand | 1,000 |
| Roth IRA | 48,744 |
| Savings Account | 44,497 |
| I + C NW | $ 298,917 |
Hello All,
I wanted to post my family’s current financial situation to understand how I’m tracking towards retirement and what I need to do to improve. I ask you to please be nice if you are helpful enough to respond with advice. I am a first-generation college graduate who grew up in a paycheck-to-paycheck household, so financial independence was something I thought I could not achieve. By posting this, I hope to better understand what I need to do to own a home and retire by ~55.
I’m currently 29 years old with a stay-at-home wife and a healthy 3-month-old son. I currently make ~$190k in a corporate M&A role and expect to be making this amount at a minimum for the foreseeable future. We currently live in an apartment in Houston, TX and can afford to pay ~2.7k in living expenses per month. I max out my 401k, Roth IRA and HSA, while contributing ~5k annually to a post-tax investment account. I also max out my wife’s Roth since she began to stay at home. Additionally, my Wife and I are debt free.
1. As you look at the makeup of our assets, what do I need to be doing better to make sure early retirement is possible? Additionally, does anyone have helpful information on how to calculate if it’s worth it to rollover your 401k?
2. When it comes to owning a home, my main point of apprehension is the opportunity costs of putting a lump-sum into a down payment rather than investing it in the market. I do not view a house as an investment, but rather as a living expense. As of now I see owning a home in Houston or Dallas, with a good school district as a move that will make us house poor but please let me know if I’m thinking about this wrong.
I’ll greatly appreciate anyone who takes the time to give me and my family advice.
Thanks.
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