t-dog
Senior Member
Joined: Mar 17, 2011 13:46:06 GMT -5
Posts: 2,016
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Post by t-dog on Mar 18, 2011 13:34:12 GMT -5
Thanks all for the advice - step 1 accomplished today - paid off the USAA. Need a different checkbook (that I forgot to grab today) but will accomplish the Chase payoff likely tomorrow.
Thanks again all.
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azphx1972
Familiar Member
Joined: Mar 2, 2011 22:08:36 GMT -5
Posts: 809
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Post by azphx1972 on Mar 18, 2011 13:35:48 GMT -5
Woohoo, congrats! I hope your shoulder feels a little bit lighter.
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Gardening Grandma
Senior Associate
Joined: Dec 20, 2010 13:39:46 GMT -5
Posts: 17,962
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Post by Gardening Grandma on Mar 18, 2011 13:41:38 GMT -5
I concur with the posters who recommend taking the money from your EF and paying off the two CC's. At the low interest rate, I would not pay off the SL's. I don't think your retirement balances are all that low since you will have a pension, but I would increase my contributions by the amount saved not having to make CC payments.
And I would not, not NOT get a pool. It's not just the initial expense. It's the maintenance expense, the additional HO ins expense, and once the newness wears off, I'll bet it doesn't get used anywhere as much as you project. What pools (public or private) are nearby? What are the alternatives? Have you really thought this through?
ETA Just realized we posted at the same time - congrats!
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Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
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Post by Sum Dum Gai on Mar 18, 2011 13:45:23 GMT -5
I'm the one who said your retirement balances looked low for your age, but in the same post I said unless you have a pension. Since you have one it seems like you're probably on track. If you didn't have one, and the IRA/401k money was all you had for retirement, then you should probably be putting more away at your age.
Still not touching the pool thing though.
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Firebird
Senior Associate
Joined: Dec 29, 2010 12:55:06 GMT -5
Posts: 12,448
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Post by Firebird on Mar 18, 2011 13:46:18 GMT -5
And I would not, not NOT get a pool. It's not just the initial expense. It's the maintenance expense, the additional HO ins expense, and once the newness wears off, I'll bet it doesn't get used anywhere as much as you project. What pools (public or private) are nearby? What are the alternatives? Have you really thought this through?
GG, did you see her response about how she visits her community pool every day and grew up with one? Plus she's planning to pay cash and her salary can easily accommodate the increased costs. I think she's thought this through - she and her son sound like frequent swimmers so that means they'll actually use it.
OP, I have nothing significant to add except to say I'm very sorry for your loss. I think you're doing a great job setting yourself (and your little boy!) up for success. Kudos to you, and happy belated birthday to him! ;D
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share88
Junior Member
Joined: Jan 28, 2011 2:36:24 GMT -5
Posts: 182
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Post by share88 on Mar 18, 2011 13:53:00 GMT -5
Congrats on the card!
Since you have a pension the retirement balances are more acceptable, but I would encourage you to work towards maxing the roth and 401 each year.
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