Friday, June 02, 2006

Good and bad

I did something that, in the short term, is a very good thing, but it could potentially come back to bite me in the ass in a year or so. I cashed out my 401(k) from a company that I used to work for. I used it to pay off the credit card that I managed to run up because of taxes and a plumber earlier this year. That puts me in a position to either (a) have money to burn every month or (b) make higher payments on the mortgages. I'm currently assuming that I will opt for (b) and only fall back to (a) if I find something that I really want. I have a feeling that I should make minimum payments on the mortgage just for the additional tax deduction, but maybe I'll do that next year if things don't work out well this year.

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