In the next week or two I’m expecting to receive an inheritance, after our debt is paid off my wife and I will have $125k to play with.
Here is our current situation; Mortgage: owe $180k, in year five of a 30 year fixed at 4.5% Savings: $8k UTMA for our 2 children $5k in each account 401ks, have roughly $40k in each account, starting in January going to up to a 10% contribution in each account.
I turn 40 in March and really don’t know what direction to take. I’d like to deposit $10k into each UTMA account, and add $25k to savings. From there I’m looking for suggestions, part of me wants to put $30k towards my mortgage and then invest the remaining $50k.
Submitted December 02, 2018 at 09:05PM by Dan3279 https://ift.tt/2BNnKBP
