northstar22 wrote:Ask her if she would borrow money at 6% interest to invest in taxable. The answer is obviously no.
therub wrote:By my math she has $210k equity in the house - which sounds like it is too big, too expensive, and too much maintenance anyway. Sell it, use the equity to pay off the $60k in student loans and credit cards - leaving $150k plus her other investments.
Find a nice town home or something single level, maintenance free, and use the 150k for a down payment/cash sale. I think it would be very liberating.
rock_marmot3 wrote:Debt: total of $225k
- Home equity loan: $75k @ 4%, paying interest only
- Mortgage: $90k @ 4.875%, on track to pay off in Aug '18
- Student loan: $42k @ 6%, paying mostly just interest
- Credit card: $18k @ 6% paying mostly just interest
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