Well, I had mentioned that buyback program a while back to buyback more years in retirement. All the calculations came in and I received my statement for how to make payments, over $12,000. One of the options is to pay by credit card, which I'm surprised about, and there is no additional processing fee for doing so. I was contemplating how to pay this, payroll deduction, move money around, take out of taxable accounts, etc.
Anyway, I have two separate accounts I was using towards saving towards a new car (long story, but basically one is an old Vanguard money market left over from when we were doing investments in CDs and had since stopped when rates were no longer good on CDs). I have no plan to replace my car right now (although I'd like to!), and it is still running fine at about 110, 000 miles on it. Knock on wood.......Anyway, I think I'm going to hold the car for two more years approximately unless something happens where its not worth it. So, I decided to pull that money market that was earmarked for my car and pay off some of this retirement buyback with it. I'll keep my other and smaller car savings I have ($3000) alone just in case we need repairs.
At the same time of all this, I applied for a Southwest card. When that comes in, I'll pay into that program with the SW card. I'll still owe more towards it though, and so since we still haven't filed taxes yet, whatever we get back there will also go to this, plus using a portion of the next few paychecks. I think I'm able to pay this whole program back over the next two months and be done with it. It seems feasible when I ran the numbers. Then, I'll get back to car savings.