I have been thinking about this for a week or two , and doesn’t seem like the brightest idea. But thought that I should ask smart people here
Mortgage left : 165K at 6 percent . Monthly payment including escrow is 2250, this year I have been paying 1500 per month extra towards principle
My EF: 22000 in HYSA( at about 4.8%)
Bank savings : 10 K
I bond : 66 K( more than two years ago, so can be taken out ), no fixed rate , so rates are dropping
T bills : 12 K
Have been in same job for more than 12 years, health care
Monthly expense ( we can survive on 11K), that’s includes pvt tuition and mortgage )
312 K in taxable ( index ), rest in Roth / tax deferred
I was thinking of taking 20 or 30 k out of I bonds as rates are lower and paying towards 6 percent mortgage . Would you do this ? Thank you
Thank you
Mortgage left : 165K at 6 percent . Monthly payment including escrow is 2250, this year I have been paying 1500 per month extra towards principle
My EF: 22000 in HYSA( at about 4.8%)
Bank savings : 10 K
I bond : 66 K( more than two years ago, so can be taken out ), no fixed rate , so rates are dropping
T bills : 12 K
Have been in same job for more than 12 years, health care
Monthly expense ( we can survive on 11K), that’s includes pvt tuition and mortgage )
312 K in taxable ( index ), rest in Roth / tax deferred
I was thinking of taking 20 or 30 k out of I bonds as rates are lower and paying towards 6 percent mortgage . Would you do this ? Thank you
Thank you
Statistics: Posted by Sho — Sun Jul 14, 2024 2:49 pm — Replies 8 — Views 497