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|Subject: Re: Where to keep/what do do w/ $50K?||Date: 7/29/2003 11:29 AM|
|Author: Sjec||Number: 36804 of 77550|
Thanks David & all who responded!
I appreciate your thoughtful responses -- I can see what you mean, davekone, in your last message.
Your messages have helped me see that there really are two sides to this debate, not one right answer! I am leaning towards keeping the $50K liquid in my credit union savings for now. I am still able to pay extra principal on my mortgage every month, without touching that $$.
David, your illustration was right-on, if I had the mortgage, a HELOC, and any interruption in income (layoff, etc.) I (we'd) be in very bad shape. I partially support my disabled spouse, and while she gets a monthly check, my income/savings is our safety net.
Thanks again Fools, you are awesome!
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