I reached back out to a CFP referred to me by a friend. We talked about eight months ago and laid the groundwork for some goals that husband and I have been working on. We are tentatively scheduled for a call next week and I am looking forward to hearing what he has to say.
It is amazing to me that we are even at the point where conversations with professionals make sense. Whenever I run the numbers on our assets versus liabilities, I am dumbfounded (especially when I take out the mortgage liability).
When we moved to DC, we had five-figure credit card debt. .Yes, you read that correctly. We have paid it off (and run it back up) multiple times as we navigated the morass I like to call “higher income means we’re no longer eating PB&J let’s go party and buy crap never mind the higher cost of living” syndrome. We are past that now. We have more than we really need. We have no lingering credit card debt. The car loans are paid off and student loans are being paid off in a timely manner.
Back to the CFP, I am curious as to what he is going to say this time. I have 401k money from a previous job sitting in mutual funds. It has lost approximately $10,000 since the start of the year and that kills me. I also want to talk to him about an IRA since the current job has a defined benefit pension plan to which my employer contributes on my behalf. We are trying to decide what to do about our condominium, as we want to move into a larger place.
At this point, I am just glad to have options. Even if we do not do anything major, it is nice to know how far we have come.
