|
||||||
| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
 |
|
|
LinkBack | Thread Tools |
05-17-2011, 03:53 AM
|
|||
|
|||
$30k. How to allocate
In 6 month, my employee restrictive stock will mature. I will have receive $30k after taxes. My personal finance is in top shape. Currently, I do not have interest bearing debt. 401k is maxed out. I have diversified investments such as savings, mutual funds, cd's, stocks and etc. My question pertains to how I should allocate my $30k that I will have in 6 months. I bought a house 2 years ago using an FHA. I out down 3% and pay PMI. Should I put total amount towards my principle? I only plan to live in this house for another 5 years. My other option is to buy a small condo as an investment property.
Any advice and reasoning would be greatly appreciated. 
|
|
05-17-2011, 06:13 AM
|
|||
|
|||
|
401k is maxed? What about an IRA? I would max out an IRA for this year and hold another $5k for next year. Rinse and repeat.
A ROTH if possible.
|
|
05-17-2011, 10:40 AM
|
||||
|
||||
|
If you aren't planning to stay in the house, I wouldn't prepay the loan. Keep that money invested and use it when you buy the next home so that you can put down 20%.
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
|
|
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
|
|
