Hi everyone,

I'd appreciate a sanity check on our financial plan and whether there are any blind spots as we think about the next decade.

Family

• Me: 40M
• Wife: 37F
• One 3-year-old girl
• Living in a MCOL area

Income

• Me: $180k base + 14% annual bonus
• Wife: ~$165k salary

Combined household income is roughly $350k before my bonus.

Current Net Worth (~$1.7M)

Investments (~$1.0M)

• 401(k)s: ~$800k
• Taxable brokerage: ~$90k
• HSA: ~$46k
• Child's 529: ~$24k
• Child's brokerage: ~$6k
• Crypto: ~$80k

The vast majority of our retirement and taxable investments are invested in low-cost index funds, with approximately 85% in the S&P 500 and 15% in VXUS. We don't own individual stocks outside of our crypto allocation.

Emergency fund:

• $90k cash

Home:

• Current value: ~$950k
• Mortgage balance: ~$320k
• 20-year mortgage at 2.5%
• No plans to pay it off early.

Current savings

Every year we:

• Max both 401(k)s
• Max our family HSA
• Contribute $500/month to our son's 529
• Contribute $600/month to our son's brokerage account

Any remaining savings go into our taxable brokerage account.

Goals

• Financial independence around age 55
• Build a much larger taxable brokerage over the next 10 years for flexibility before retirement
• Continue enjoying life while avoiding unnecessary lifestyle inflation

Spending

I would say we're relatively conservative overall. We own our home, have luxury vehicles that we plan to keep for a long time, and don't tend to upgrade things frequently.

That said, it feels like expenses are constant. Between childcare, insurance, healthcare, taxes, vacations, homeownership, and general life, there always seems to be another large expense.

Even with all of that, our investments still increased by roughly $95k over the last year, which made me realize our savings rate is probably stronger than it feels month to month.

Questions

1. If you were in our position, what would you optimize over the next 10 years?
2. Would you focus primarily on building taxable investments now that our retirement accounts are fairly well funded?
3. Would you change anything about our asset allocation?
4. At what point would you feel comfortable easing off savings and letting compounding do more of the work?
5. Is there anything we're overlooking or doing inefficiently?

I'm genuinely looking for constructive criticism. If these were your finances, what would you do differently over the next decade?