My only debt is my mortgage, which costs me $701 per month. ***Big pat on the back for paying off $18k in debt and saving the emergency fund in 18 months!***
I have $7500 in emergency savings ($5k in a 6-mo CD paying 3.75%; $2,500 in a liquid savings paying 3.25%)
I have a $35k home equity line of credit, balance: $0
I fully fund my 401k
I have a ROTH IRA but am not currently adding to it.
I have an investment portfolio worth $150k
I own a vacation home/property free and clear
I have over 200 hours of comp time accrued that I can cash out in an emergency. Its value grows at 4% per year when I get my annual merit raise.
Alrightynow. I'm 54, gainfully employed and LOVE my job. I am paid pretty well for what I do. I only support myself, although I have a daughter, son-in-law, and two grandsons. They are financially very well-off.
Should I aggressively pay down my 5.25% mortage?
Should I be buying stocks in my investment portfolio since there are so many bargain basement prices?
Should I fund my ROTH?
Should I add to my 3.25% liquid savings?
Should I stuff money under my mattress?
Okay...take your best shot.