$30k. How to allocate

[Yoonie1978]

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.

[BuckyBadger]

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.

[disneysteve]

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%.