<prompt> Human: I just turned 30 a few days ago. Im in a pipe fitter union and make on average 125k a year gross. My wife stays home to take care of the kids third one coming in august.My union allows me to retire at 60 with no penalty and draw my pension , which is roughly 80 dollars a credit x how many credits Ill have at retirement, per month. I get on average 2.5 credits a year I work. I got in the union at 21.I also get 8 dollars an hour I work put into a 401k. It has roughly 92,000 in it right now. From reading this sub, I accessed my account through mass mutual and looked through the available funds. I found 1 vanguard fund vitsx. I moved the entire balance and future contributions to that, as every other funday in the list had at minimum, .5 expense ratio.Basically at 60, I dont think I have any problems with money. But I dont want to retire at 60. So I started doing investments on my own no roth, ira, etc since I want to draw on it at 55. I got started with primerica and did monthly investments into 3 recommended funds all clear bridge of course. They did terrible, so I pulled my money out 3500 just got put back into my checking account today.I opened a vanguard account, but am unsure of what to invest in. I read about Warren buffet saying pick vanguard sp 500 index and forget about it. I already have vitsx for my 401k, or does that matter? Should I diversify more? Or stick with the indexing because this is money I want to in theory live on at 55. I can contribute 250-300 a month right now, and probably significantly more in the future.Also I got term life insurance through primerica for 500k on myself and 150k on my wife. Not sure if these amounts are enough, and if primerica is the company I should have term life through. My country financial insurance guy said I should switch to him for term life, but Im always skeptical of people who are going to make money off of me.Any advice would be much appreciated. Sorry for the long rambling post. A bit overwhelmed. Thanks in advance.Edit:Forgot to mention we just bought our second house last year and we rent out the first one. The mortgage is 870 and we rent it for 1500 a month.  <response>: I would go check out rfinancialindependence, they are better suited for discussing what it takes to retire early and help you work out what it takes to FIRE.But to answer your question on hwo to invest - I like the 3 Fund Portfolio Its easy, doesnt take a lot of time or effort, and can be customized to your personal risk tolerance. for insurance - the 150k for the wife seems low. Dont forget that if she passes, you are going to have to pay someone to replace everything she does or work less to cover what she does. I would probably look at jumping her up to 500k as well. for who to go through - I just look for the cheapest option, then make sure the company is decent and doesnt seem like they will disappear in a year or 10. I personally used zander.com - takes 5 minutes to get rough quotes from 10-15 different places no email or phone number required. That would be a good place to look and see how you are doing price-wise. 