My husband and I are 29F/30M. Here are our stats (BS 4,5,6)
HHI = $280K ($210K + $70K)
Consumer Debt = $0
Mortgage Balance = $136K
House Value = $450K
Our 401K accounts, combined = $460K; HSA = $60K
Our 2yo son's 529 = $12K
L/MCOL (our 4/3 2300 sq ft home is worth about $450K)
Liquid Cash Savings = $30K (We could probably bump this up a bit more, but our expenses are about $5K/month and $15K is 3 mo of expenses. We both have very steady jobs.)
Due to some bonuses and stock I have vesting in 2027, our house will be paid off in August 2027 and we'll reach the $1M mark. We both work, our son is in daycare and we have a baby due this summer. After she's born we're done having kids. We have reliable cars, 2018 and 2023. Our house is big enough to support our family as is.
I'm not really happy in my job (I'm the $210K earner) but I kind of feel trapped in golden handcuffs. I'm considering a big career change after we pay off our house into healthcare (nursing or PA maybe). I would like to at least make $100K but eventually want to transition to part time work, like 2-3 days a week, to be a more present mom and do household management/PTA meetings/all the mom life stuff that I currently don't have time for. Long-term after our kids are in college we want to travel around the US to national parks.
I guess my question is anyone in BS7 and also made a career change? I feel like we've been working towards this big goal of paying off our house, but we're not really big spenders and don't know what to do to enjoy the fruits of our labor. We both have zero interest in completely retiring early (I need to stay busy), but working part time when our kids are in college seems to be a good happy medium. But we don't have any taxable brokerage accounts (yet) to make this happen. After we pay off our house and max out tax advantaged accounts, should we start to build up a brokerage account?