Quote:
Originally Posted by LivingAlmostLarge
Don't pay off the HELOC 4% is a great rate. I'm leaning towards the 1st mortgage or Roth IRAs for 3 years if you have that. How funded are you for retirement? What do you save now for it?
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We have 10% of each of our pays put in our 401k for me and deferred comp for my DH. We have funded Roths for each of us for 2007 & 2008 so 10k each in those....like I said just finally done w/daycare and able to save a more substantial monthly amount. $700/mo goes to our emergency fund which we'll also use some of to buy a new car when the need arises, I'm hoping we can hold off a few more years.
I just am confused on what would be the best option and worried about the kids' school. I really don't want them coming out with any higher debt then a car loan..but I don't want to shortchange our retirement either.
Jim thanks for all your analysis I'll need to re-read it a few more times to catch onto all you're saying.haha Oh but I'd be leaning towards using the 30k in Roths for the next 3 years if I didn't use it for the house or 529's.