I have a small HELOC balance ($6k) we used to do some time-sensitive repairs around the house before our baby arrived last summer. With baby coming I didnt want to use EF for these updates.
Its at 4%, with a minimum payment of $100, but have generally been paying $500/mo. My plan was to open a taxable account as soon as its paid off. 401k/Roth/HSA/Dependent care FSA are all maxed already, but this would be first non-tax advantaged account besides EF in online savings (~3mo).
I found out I can expect a bonus to be paid this fall, lets call it $15k post tax.
Would it be ridiculous for me to think of writing a check from HELOC now to open Vanguard taxable account (to get Admiral fund VTSAX)? Or do I just wait, pay off HELOC and then open account with whatever is left of bonus and then the monthly $500 addition I am doing now.
No specific goals for money, just additional long term savings.
Thanks
