1) Move the money from my standard IRA into my Roth IRA, and change paycheck withholdings so that I can fund this account monthly, rather than from a large income tax refund.
2) Increase emergency fund by $6000
3) Pay off amount of home equity line of credit in excess of the amount owed to us (we hold a real estate note). This is about $15,000.
4) Change my health insurance plan.
5) Finalize plan for our oldest child's first year in college.
6) Start education IRAs or some such account for the younger 3 kids.
1) Move the money from my standard IRA into my Roth IRA, and change paycheck withholdings so that I can fund this account monthly, rather than from a large income tax refund.
ReplyDelete2) Increase emergency fund by $6000
3) Pay off amount of home equity line of credit in excess of the amount owed to us (we hold a real estate note). This is about $15,000.
4) Change my health insurance plan.
5) Finalize plan for our oldest child's first year in college.
6) Start education IRAs or some such account for the younger 3 kids.