M33, F31, just married, no kids, both in govt. I just want to ask your opinion if this long term financial plan is okay for both of us, what to improve or explore more:
Assets:
3BR Townhouse - 3.4M value as of May 2026 (under amortization for 20yrs) - acquired for 2.4M in 2023
Emergency Fund - 175K by end of 2026 (from bonuses and allowances) - will be parked at Maribank for liquidity and interest of 3.75% p.a.
AFPSLAI Savings - 400K total by end of 2026 (19% p.a. yield) - maximum deduction already
Initial Target: 1M by 2030
Final Target: 3M by 2041
PAFCIPIC - 80K by end of 2026 (20-25% p.a. yield) - maxed capital already
2 Hectare Agri & Residential Land - inheritance from my parents in the province
Future Plan (when both income increases in the next 5 years):
S&P 500 - planning to open and invest for diversity (still researching)
AMWSLAI - planning to open and save 5K each monthly for me and my husband (11% p.a. yield)
Baby Fund - 100-200K annual target from combined bonuses and allowances
Education Fund thru MP2 - 100-200K annual target from diverse dividends
Liabilities:
20-year home mortgage - 16K monthly
MRI, Fire Insurance, Amilyar - 15K annually
Others:
Retirement Fund - GSIS and SSS combo (both of us)
Life Insurance - AIA (both of us)
Prepaid HMO - Maxicare (both of us)
Philhealth - both of us
No bad debt
No vices
Advocates delayed gratification and simple living