20's and need help

[jIM_Ohio]

does anyone else have any more advice on this?

You asked some simple questions

We now have extra cash as it is just the two of us and our monthly outgoing are relatively low.
1. Should we be paying down our mortgage? (We have been in our house a couple of years and plan to move somwewhere bigger in the next five years or so)
2.putting more money in investments?
3.More Savings?
4.Paying off student loans?
5.???????

1) NO
2) YES
3) YES
4) NO
5) The most important thing is to have a plan. That is biggest piece I see missing.

A plan is not "I want to move in 5 years". A plan is Here is how I will move in 5 years with $X from here and $Y from there costing me $Z.

A plan is not "I want to be debt free". A plan is, I will contribute 10% to retirement, then pay down any debt with an interest rate higher than 7% with $A each month. Once that debt is paid off, I will put $A into a savings account earning B% because the other debt I have is cheap debt at C% interest rates.

[maat55]

I would advise that you buy a house with a 20 year or less loan and no more than 25% of your take home pay. Save as much as you can for a down payment For your next home, but make sure you have an EF separatly.

[loulou]

I agree with the previous posters that you should not prepay your student loans or mortgage. I think you should try to max out Roths for each of you, and any money you have leftover should be for your goals. (new house, cars, etc.) I also think you should roll your 401(k) from your old employer into an IRA. You will have much more investment options and control over your account this way. And now for the unsolicited advice: I don't think this has been brought up, but do you have life insurance? If you don't, I would take out a small policy on each of you (term). Just an idea. You look like you're doing quite well and have a level head on your shoulders. Good luck!