F4mandolin
Full time employment: Posting here.
My conscience got the better of me...and money of course. My Step-Daughter gets out of Uni in Sheffield in 2 more years so that is what I am shooting for now (as usual, only with VERA) at 54...Summer 2011. Whether it is the smartest thing to do with our money....I think we are going to throw a fair amount of money at our mortgage here in the UK. We are limited with the fixed contract to no more than 10% extra a year on a 210,000 Pound loan (198k now). We are going to toss in about 20,000Pounds before Christmas and another 20,000 after the new year to avoid the 10% penalty rule. I think we will have to hold on to the house until 2013 or so to get our money back on the house so we would have to rent it out for a couple of years after we are gone. It might not be the most cost effective way to put our money to work, but the rate on the mortgage is 4.49% and the savings accounts are heading down to 2% real quick. Our fixed rate runs out the end of Oct 09 and will revert to a variable I would think. I haven't put any money into a ROTH in a long time and I am wondering if it still that good of deal at this point. I am maxing out my TSP and will probably have another $10k sitting around looking for somewhere to go by March......any ideas on where to put that $10K over possibly just a couple of years?