I 28.5 years old, $40,000 (12 month) income and growing monthly. My partner, she is 23.5 years old, $10,000 a year income & is full time student. We have $38,000 in debt on a car, student loans, and a personal loan. I have $36,850 in my Roth IRA with $300/month investing, she has $1,800 in hers not currently investing. We also have a emergency fund with $10,173 in it with $300/month going in. Only enough money in our joint checking for monthly expenses. We own a home thats worth an est. $120,000 with $97,150 on the remaining balance. Which we pay bi-weekly payment of 50% of the normal monthly payment every 2 weeks with 0 PMI and no early pre-pay penalty. We also have a 4 year old with $3,000 in a 529 college plan? We own a 25 year term level premium life policy guarteed for 25 years. We plan on increasing our investments as soon as shes out of school. I guess im looking for more options.in business for myselffixed rate mortgage here, any other not an optionHey Fuzzy! thanks for the Self-Employed 401 (k) option Iwill check it out

Sounds like you are doing pretty good so far.Do you have a 401K plan where you work? Many companies will also match contributions you make to your 401K.

The Tax Relief Act of 2001 made it possible for small businesses to set up a Self-Employed 401(k) plan. This may allow you to put away more tax-free money than a regular IRA. I personally like the Roth IRA you are using as the withdraws won't be taxed.Make sure your Roth IRA is invested in a good proportion of safe and aggressive investments. Check out the second link below for a good personal finance/investing site.

You look good overall, probably much better than an average Joe. It seems like you have covered all of the basics. As your income goes up and your partner gets out of school your income is likely to go much higher and a tax deductible retirement saving is going to look much more attractive. As mentioned a solo 401k, or a SEP IRA is going to probably give you what you need, depends on your specific business situation and desire to contribute pre tax dollars.You did not mention the terms of your mortgage, I am assuming you have a fixed rate at a "good" interest rate.Your personal debt seems a little high for your level of income and would think that it would be good to pay that down a little, especially if rate is "high", should be single digit, if not better to pay that down before investing. General rule, your expected rate of return on investing should be more than the interest rate on person debt.Wish you prosperity and a wonderful new year.