First off, in a previous post I mentioned about consolidating my student loans if I had that opportunity. It looks like that will happen. My current Home Equity Loan is at 3.99% fixed but I am in the process of obtaining a new Home Equity Loan at 1.99% and tapping some spare equity to encompass my student loans into the frey. This will actually decrease my total monthly payments by about $320.00 and the house will still be paid off in the same amount of time. The total savings of this change will be around $13K over forty two months. This takes into account my interest savings and the monthly savings I will have on the loan. Very exciting!
Secoundly, I fully funded a Roth IRA through Scottrade for 2012 and made my first purchases of dividend yielding stocks. In addition to my contribution to the TSP my wife and I will utilize Roth IRA's to invest in dividend stocks and diversify our holdings ourselves. We will also use those accounts to help unrealize as much income as we can to avoid unnecessary taxation. I will create a section for our holdings so that you can follow along.
In the very near future (probably next month). I am going to refinance our car loan to take advantage of a lower interest rate and an additional loan consolidation. I will post details of that as they become available.
