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Reply to "What to do with an extra $100k"
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[quote=Anonymous]So, we are moving out of the area and have an extra $100k to invest. Should we, - pay off the mortgage of one our rental properties (would net an extra $750 per month) and then max out TSP, - divide it equally among 3 529 plans (oldest child will be turning 5), or - invest the $100k in the regular market. HHI is $110k with SAHM. Both of us are in our mid-thirties. Have over $550k in retirement accounts, $50k in 529 plans, $100k in brokerage, $130k in bank accounts, 2 rental properties (both cash flow positive and gross over $3k per month), and new primary residence (which won't be our forever home so we have no desire to pay it off). We max out 2 Roth IRAs each year and contribute 10% to TSP and $9k to 529 plans. Our plan was to use one of our rental properties to pay for college (one is valued at $250k/owe $100k, the other is $290k/owe $180k). Both were purchased before we had kids.[/quote]
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