I have the ability now to cash out some stock options. After taxes and fees, I should net about 260k.
I have a decent income, but live in a very expensive area. Current debts are 700k mortgage @4% and 90k in student loans @6.8%. Only 20k in savings, and have not been able to meaningful increase that of late.
Of the 260k, I would like to use about 60k for needed home improvements. Alternatively, I could use a HELOC @3% instead and invest that 60k.
After that: I could retire my student debt - it's my biggest nut after the mortgage. I would like to bulk up my savings, and/or put some of that money in a relatively conservative fund that will still allow for liquidity. I also have two 529s for my kids and a Roth IRA that are all underfunded.
How would you deploy the cash?
Submitted January 07, 2017 at 12:54PM by mynameisjonas2017 http://ift.tt/2iop69Z
