When my ex left me on my birthday in 2006, he left me with $18,000 of debt on a home equity line of credit, and about $3,000 on a credit card. Savings? Ha. Gone. Fortunately, he couldn't touch my 401k, Roth, or investment portfolio or that would have been gone too.
HELOC balance $0!
Credit card balance $0!
Emergency savings balance $6000
I also have 214 hours of comp time accrued from overtime I worked during back-to-back blizzards in 2006, that can be fairly easily converted to cash. The value pretty much grows at 4% per year as I get raises.
Now I'm trying to figure out whether it makes more sense to pay off my mortgage ($114k @ 5.25%) or invest more. I'm already funding my 401k as much as allowed, but I could open a 457 plan or put $$$ in the Roth. Ideally I'd like to retire in 10 years or less if at all possible.
Anyway, I've been an avid GRS fan but never joined the forums before. My small success prompted me to register.