On Oct 29, 4:20*pm, "ps56k" <pschuman_no_spam...[at]interserv.com> wrote:
- quote -

Not enough info for a good answer. My general answers are the
following:

1) fund retirement first. If 12k is less than 15% of your gross
income, you should probably be setting aside more for retirement in
taxable accounts, 401ks or similar.
2) Pay off mortgage and save for retirement before funding kids
college. The 6k IRA suggests to me you are close to retirement (that
includes 1k for catch up contribution-right?)
3) fund 529s only to extent you need a state tax deduction- if you can
pay off mortgage before putting money aside for college, I think your
financial picture will have less risk, and also possibly open up more
favorable tax deductions (at federal level) the years you need to pay
tuition.

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We have some "investments" that we need to fund,
and was wondering what order makes the most sense.
We have cash in some money markets, CD's, and even static savings/checking
accounts
along with all our current mutual fund & security investments...

Anyway - here's the list of items that need some cash infusion:
IRA 2008 - $6,000 x 2 = $12,000 yearly input
college 529 - $5,000-$10,000 yearly input
mortage - only have $60k left to payoff.

None are really required, and the time horizons don't really matter that
much,
except for the college.... maybe 1 or 2 years away - depending upon foreign
travel.

SO - what order & how much to each line item ?


--
-- "If everything seems to be going well,
you have obviously overlooked something." - Steven Wright

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