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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Poll: Help me figure it out||Date: 12/29/2013 11:35 AM|
|Author: MetroChick||Number: 307618 of 308642|
I would pay off the CC debt and retirement loan.
If you don't have a 8-12 month e-fund, I would fund that next.
With any remaining money - I would first decide what are your long-term goals for the primary residence and investment property.
If you want to keep the investment property as an investment, I would see if you could refinance to a lower rate, and if it would then be cash-positive based on market rents. I wouldn't pay it off, since the rental should pay it off over the long run.
If you want to stay in your primary residence, I also wouldn't pay it off, since 4% is a good rate by historical figures. With any left over money, I would invest in stock index funds as long as I had at least 10 years to leave the money in there - if I couldn't ride out highs/lows of the stock market well or had less time, than I'd put 50% (or less) in the stock market and the rest in something safer.
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