On to the asset side of our money life.
Our 401K is with Fidelity Investments. I must confess ignorance when it comes to researching a company like this. I could find no government handouts and only what appears to me to be ordinary suits, fines, accusations that arise from simply being a big company with hands in lots of cookie jars. Our mix of funds we’re invested in seem to be doing as well as most other mutual funds and Fidelity doesn’t seem to be too wrapped up in the poor investment practices that wrecked the economy. I could well have failed to find the best resources to research this well.
Assessment: Moving this money is not a high priority in and of itself, but this money could be used to backyard our liabilities.
Our house is first of all darling and we love it. We are above water by a nice bit, partly because the real estate market has not crashed in our area; we’ve had more of a fender bender here. Current interest rates are about 2 points below our mortgage rate. In fiddling around with the refinance calculators online, it seems that refinancing would give us a positive return about 10 years out.
Assessment: Our investment in our house is sound, but since my goal is not just to improve our family finances, but to withdraw support from corrupt institutions, I’ll explore refinancing with a bank more inline with my ethical standards.
No comments:
Post a Comment