Well the mortgage has hit the dust (more or less). I left a few hundred in to pay this coming month, so I would have time to contact the credit union and get from them the list of what paperwork I should be able to expect from them, and to know if I need to go there in person to get anything. I figure that late payment will cost me less than $2, so I can live with that.
What to do with the excess funds? Next month (July) I have the half year property taxes due, which if they are similar to last year... will be about $1,500. But I get 3 paydays in July, so that should make up for that expense.
And other news...
Markets look to be going haywire today. Shame I don't have a ton of money to put into a Roth IRA today, although I guess it would be a day until the funds cleared, and who knows, the market may go flying back up tomorrow.
Looks like summer has finally hit in the past week. I've been feeling drained most days by the afternoon, I guess my body hasn't gotten used to the hotter temps yet.
And lastly I changed the contributions to my 457 plan. Since they now have the option to have a Roth 457, I have split my contributions 2/3 traditional, 1/3 Roth. I want to see how much of a tax hit that causes, then I will adjust until I hit a comfortable split between the two. I figure I'll probably do a 50/50 split when its all said and done, but for now this is an initial test.
Well, its done (sorta)
June 2nd, 2011 at 03:40 am
June 2nd, 2011 at 04:22 am 1306984972
Congrats on paying off the mortgage!
June 2nd, 2011 at 05:35 am 1306989329
There is no good news in the economic figures that encourages new investment. Why not hold off new investment until we're more certain that things are not continuing their downward trend unless you have an established 5 yr. program.
June 2nd, 2011 at 06:13 am 1306991637
June 2nd, 2011 at 01:20 pm 1307017205
June 2nd, 2011 at 02:33 pm 1307021612
June 2nd, 2011 at 04:15 pm 1307027756
I'd think that mortgage payoff by itself is VERY rewarding.
50/50 with the ROTH is probably a good strategy for the long run.
June 2nd, 2011 at 07:42 pm 1307040126
June 3rd, 2011 at 06:51 pm 1307123500
I have a tax deferred and a tax free pot of money. Check out the Vanguard podcasts, especially the one where they strategize how one draws down money after retirement. It could give you ideas on the relative sizes of the pools of tax deferred/tax free money you want to end up with, which will give you an idea of how much you want to put in.
June 3rd, 2011 at 09:10 pm 1307131823
Jerry
June 4th, 2011 at 03:53 pm 1307199222
June 7th, 2011 at 10:10 pm 1307481033