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[quote=Anonymous]OP, don't touch the emergency fund. I'd pay for the house repairs out of the inheritance. What's the interest rate on the HELOC? The deduction really can't be that much to make a difference on your taxes. I'd consider paying that off too. You're doing great on your retirement. If I were you, my focus would be on college savings for the kids. You're 2-3 years away from the first tuition payments. And, yes, take that trip to Europe - you'll never get the chance again. [/quote]
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