Quote:
Originally Posted by ChrisH
I suppose that is my problem. I don't know how much to invest in stocks/bonds, etc.
I don't know exactly what our risk tolerance would be
If we don't stick it in a IRA or something else, it will end up getting spent on the home or travel.
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You and your wife need to sit down and list your financial goals. There is another thread with a link to a risk tolerance analysis that you can do.
Whats your risk score?
There is nothing wrong with spending some of your earnings on things around the house and on fun stuff like travel. You just need to work it into your overall savings and budget planning. You can't put all of your spare money into retirement and you can't spend all of your money on immediate stuff like travel and home decorating.
There are numerous sites online where you can investigate asset allocation plans. I think Vanguard's site has info on that.