UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next
Author: MetroChick Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Poll: Help me figure it out Date: 12/29/2013 11:35 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.