Then pay off your non-deductible car loan and credit card debt.
If the interest rate on your home mortgage is less than you can earn on investments (about 8-10%), keep the loan and invest your money for income or long-term growth, depending on your needs.
Based in New England, Successful Singles is a dating site that has been in operation since 1984.
When my husband died, I collected some life insurance.
Those who are divorced will benefit, as well, because they too have lost their spouses." Robin says she is "today's widow surviving in today's world, and I am honored to have the opportunity to share and learn with you as we travel the bumpy road called 'widowhood.' The episodes of life afford a time for growth and an opportunity to reevaluate our position in it.
We must ultimately decide if we are on the correct path and alter it if we are not." Four years into her widowhood, today Robin is a successful TV producer with two national daytime Emmys to her credit.
Should I pay off the car, house and credit cards, or should I invest it?
First, set aside an emergency fund (generally three to six months’ expenses).