I’m 36 yrs old and married with 4yrs old son. We live in San Francisco, California. We owned our house ( No Mortgage ). We have a fully paid car. We only spend for necessities. Once in awhile we eat out and travel.
I have IUL that I pay $250 a month it’s only been 7 months.
I have 403B that I put in $600 a month
Basically, I wanna retired at 50 yrs old and start traveling the world with my husband. We plan to buy RV and travel.
My question are, 1. How much do I need for retirement? 2. Do I need to invest in Health Savings? If yes, how? 3. Do I have to invest in ROTH IRA? 4. What other investment do I need? 5. What are the Best high yield savings Account, out there to save more?
Thank you in advance. I just really wanna prepare for my retirement, and I don’t wanna be a burden to my son and to the government when I get old.