u/Woodlepoodle85

41m, wife is 54, son is 15. 40k saved in 529, 175k in IRA, have 55k invested - just started investing.

Have 5k in checking account and 75k in savings account gaining 0.01% interest.
Own business with 30k debt and 550k EBITDA for 2026 likely.
Only personal debt is mortgage (2600/month) and car payments (900/month)

Investments in brokerage are:
4000 smr
3500 rivn
3500 gld
4000 abat
5000 voo
10000 tln
9000 nukz
7500 oklo
5500 qbts

Investments in ira are:
80k in vigax
15k msft
11k meta
7k mstr
4.5k blok
5k amzn
12k icbmx
10k fsrfx
7.5k vviax
4k exoz
3k docs
3k dilv

It seems like a lot of different things and I don’t really know where to begin.
I’d like to increase our investments, but I’m not sure where to begin. Should I consolidate? What do I buy?

My goals are:
Pay for my son’s college
Have a boat of cash to “retire” or be sound by 50ish - and maybe bring on a partner to run the business more and step away more - travel etc.

I guess I need help with goals too. I’ve always lived just spontaneously and with no planning.

I went from about 150k/yearly income to now around 500-600k/yearly income from business we own.
Unsure what to do with the extra income and I don’t want to blow it.
I’m 41, wife is 54, son is 15.
Mortgage has 250k left at 3.25%
No other debt (including business debt)

Wants:
Have $ for his college
Travel freely
Financial freedom (moving target)
2nd home in Italy (400-500k budget)

Do I pay my home mortgage off outright?
Invest a portion in low risk mutuals?
Treasuries?
Focus on his college $ first?

Any help appreciated