Thoughts on personal loans to consolidate Debt?

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What kind of debt? For credit cards, I did balance transfers

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If the debt is big, consider debt settlement programs

Not really aware of all the programs but I know National Debt relief is a big name in the game

Best to consult with a Financial Wellness Coach or a Financial Advisor to learn of your costs and avoid creating a negative compounding problem for yourself.

Do you have a good credit score?

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helpful

Currently 25 years old.
Goals:
* Own a home in a HCOL
* 2 kids (eventually)
* Retire at 50 on $125k/year.

Envelope math:
* $125k/year would require an investment portfolio of ~$3M.
* Targeting a $2M home (split with partner)
* 2 kids - $1M to raise both (including college fund, split with partner)
* $500K buffer for unexpected expenses
* 33% tax

Therefore, 6.5-7M retirement savings needed. To hit this (assuming 6% return after inflation), I’d need to save ~$110k/year.

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