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Reply to "What to do with 100K?"
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[quote=Anonymous]It isn't clear if your income is enough to sustain the household and your present lifestyle. That is really the most important issue. If so, then do nothing differently. If not, and you need to tap the $100k so meet your monthly obligations, that requires a completely different approach. Your inclination to pay down debt is natural, but it may be the least advisable approach. Look at it this way - if your mortgage payment is $2,000 a month, you could use that $100k to make your mortgage payment for more than four years! If you pay off the mortgage, sure, your $2,000 monthly obligation goes away, but so did your emergency fund for a basic car repair or medical bill. [/quote]
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