Thanks in advance to all the help that this site has given me. I am very thankful to have a resource such as this

Here are the facts!

We have an extra $2500 a month and we are not sure what to do with it and I am looking for advice.

**Facts about the Family**

-My income is $80,000 a year and I have a guaranteed raise of at least 1.5% over the next 10 years (I am 37 and she is 33)

-My wifes income is $62,000 and she has a guaranteed raise of at least 5% over the next 10 years (We are both teachers

-We have 2 children ages 10 and 6

- We owe $240,000 on a home worth $450,000 with 4.25 interest rate.....have 28 years left on mortage

-We owe $37,000 on a boat with a 3.99 interest rate with 14 years of payments left

-We have $150,000 in retirement combined

-We have $25,000 in savings

-We will both have pensions when we retire that is 50% of our 3 highest years of salary. Both have survivor clauses which means if one of us dies the other still gets 100% until our death.

-We currently both max out our Roth IRA each year and we both contribute an additional 10% into our 403B accounts

-We contribute $2500 a year into hour HSA which more than covers our medical expenses. We usually only use around $1500 of this a year

-we contribute $2400 a year into a 529 plan through the state of Michigan which is a one of the better 529 plans out there through TIAA-Creff

The big question is what should we do with our extra $2500 a month which will continue to grow over the years.

One thing I left off is we want to fully fund our kids college tuition as long as they attend a local Public University in the State of Michigan. We currently have around $7000 in their account so we know we are way behind.

Our thoughts were as follows but are open to advice

1. Contribute around $600 a month into the 529 plan and know that we will be short on college but cash flow the rest in the future.

2. We are not sure if we should invest more.....pay down debt......or increase 529 plan? Any advice would be helpful.

3. I would love to retire in 15 years and my wife wants to retire in 20 years.

Thanks again for the help!