My ex will be buying out my share of the coop. So I after paying off the remaining mortgage will be getting about $120k. I will probably take $12K of that to rebuild my emergency reserve and the rest for a down payment for a home. I just signed a 1 year lease on a rental but would love to buy in that neighborhood by the end of the lease. Coops are the most reasonably price, looking at the $400 k range.
Is there a way to make that money work for me while keeping it liquid? I was looking at CDs but the rates are dismal.
Other details, we have one child, no alimony or child support will be paid. It's a no fault divorce via mediation. We will split any child related expenses pro rata (38% from me 64% from the ex).
I have a stable job make about $67k a year or more with overtime. Pension, deferred compensation for retirement needs. I think that's about it. I'd appreciate any opinions and advice. Thanks.
Submitted September 22, 2017 at 08:45AM by lomotil http://ift.tt/2wFXmc6
