We want to invest 30,000 per year and retire in 15yrs. How should we start and should we pay off our existing home loan?:eek: :eek:

Always pay off all credit cards, all loans and have an emergacny fund equal to 6 months pay before starting any long term plans.

The higher the interest on investment the higher the risk that the investment can loose money also, normally one would split the money into safe, med and high risk investments. But the sooner you wisht o retire often you have to consider the total you want for retirement, and determine what min interest you can live with.

Best advice is to get a Personal Financial Planner.

At $30,000 a year that you plan to investment, a CFP (certified financial planner) would be a very wise decision.

A question that has to be decided is how risk adverse are you? Do you want to take a lot of risk or would you rather have safe investments?

Also, how old are you? In your 30s, hoping to retire at 45, or in your 50s planning to retire at 65?

There are many questions/issues here that a CFO can assist you with. There is also tax implications as well which he/she will go over with you.