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Author: dp23peace Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308519  
Subject: Re: How to get back to financial health Date: 2/4/2014 8:29 AM
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I have agreed with that philosophy thus far, but can't help wondering if it's the right move. Trust me, the thought of selling WPRT, DDD and others now is repulsive, but I want to make sure we can retire and getting back on track seems impossible at times.

Yes, kids are 6 and after many NICU surgeries back then, they are miraculously in perfect health now. My wife is back working as a teacher again.

I put enough in my 401k to get the company match, and no more. I'm currently not adding to my IRA because there isn't enough. She has a Teacher's Retirement account.

I have tiny Sharebuilder accounts for the girls, and they know they have Disney stock :) I also started 501 college funds, but have no $$ to put in so it seems pointless.

I use pre-tax deductions for the HSA and Dependent care MAX for after school care to cut taxes.

Mortgage = $275k (2k/month) 4.6%
Car = $11k ($271/month) 1.9%
Student Loan = $8k (($75/month)
Card #1 = $2240 ($73/month) 16.9%
Card #2 = $3000 (25/month) 15.9%
Card #3 = $9100 ($175/month) 8.5%
Card #4 = $5000 ($67/month) 14.5%
Personal Loan = $18,000 ($400/month) 10.5% (auto deductions to pay off in 4 years)

and we have a 10 year old car with high mileage which will need to be replaced soon.

No emergency fund.


What a difference 6 years makes :(
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