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Old 04-16-2008, 12:18 PM
billchrz billchrz is offline
$ Saving Fourth Grader
 
Join Date: Jan 2008
Posts: 31

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Here is an update to my situation.

Mortgage - Currently owe 227000 @5.375 (PMI removed on refi WHOOHOO!)
CC Debt - $0 @ 14.65% (That felt so good)
Car loan - $10000 @ 6.99% on wife's Ford Escape, my truck is paid off
401k - $21000
EF - $7000

I moved my 401k allocations to 90% Schwab 2050 Target fund, 10% company stock and changed my contribution to 5%

Opened up a T Rowe Price Spectrum Income (RPSIX) as a mortgage paydown fund. I am automatically transferring $300/mo into this fund on the day my mortgage is due.

Opened a Roth IRA - T Rowe Price 2040 Target retirement fund and automatically transfer $350/mo into the fund (will max out Roth with Stimulus check and monthly transfers)

Purchased new refrigerator with cash!
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