Thanks Jonathan. Sounds like my original plan of HH points is good.
One more question. If I rescue my points this year to next and then roll my 2010 to 2011 and it turns out I needed them in 2010 can I borrow back? We have been members for about 2 years now and have not used our yearly points in the given year yet so keep rolling ones over. I am thinking about putting into RCI but am nervous about getting someplace we like at the time we want to go.
THERE ARE THREE TERMS THAT ARE USED by HGVC: DEPOSIT, BORROW and RESCUE.
If you DEPOSIT your 2010 points into 2011, you can BORROW points back as need in 2010.
BRIEF SUMMARY
Your "Home Week window" allows you to reserve one week in the exact unit size and type in the season that you purchased (studio, 1 bedroom plus, etc) for the full week based on the fixed checkin date at your home resort. The Home Week reservation period (12 to 9 months out from check-in) gives you a head-start over owners at other resorts who get to compete for your home resort starting at the 9 month mark ("Club Reservation window").
NOTE: Only points earned in the use year can be used in the home week window. Borrowed, Rescued or Deposited points can not be used in the Home Week window.
DEPOSIT: prior to the beginning of a use year, you carry over next year's points into the following use year.
For example: before the end of 2009, you can deposit your 2010 points into 2011.
FEE - $79 (via phone) or $69 (online)
NOTE: DEPOSITED points may not be carried over beyond one year.
BORROW: you make a reservation using the following year's points or previously Deposited points.
For example: In 2009, you don't have enough 2010 points to make your reservations for a stay in 2010, so you borrow 2011 points to complete it.
NO FEE - COMPLIMENTARY
RESCUE: you rescue any current year points into the next year, they can only be used for HGVC bookings, no RCI, no parters, no HHonors conversion.
For example: in 2009 you realize you will have 2009 points left, you can RESCUE those 2009 points for restricted use in 2010.
FEE - $79 (via phone) or $69 (online)
NOTE: Previous DEPOSITED or RESCUED points can not RESCUED
Here's another great description of the three options (see below)
While the others did a good job of answering your questions, I'm going to throw in a POV.
RESCUE: Let's say that you're an astronaut and heading for the space station. You leave in less than a month, you'll be gone the rest of this year, so there's no way to use your 2009 points. Sometime b4 12/31, you can call or go online to HGVC (ask NASA to connect you) to save your points for use in 2010 with a "rescue" .
DEPOSIT: Let's say that you're in the reserves and your unit will be spending all of 2010 in Afganistan. Since you won't be around to use your 2010 points, sometime b4 12/31, you can call or go online to HGVC to "deposit" next year's points into 2011.
BORROW: If you ever get time to use your points, you check you wallet and find yourself short a few, you can "borrow" points from the following year's account. The online reservation system makes this almost automatic for you.
Here's a link to a recent discussion regarding leftover points and ongoing strategy -
http://www.tugbbs.com/forums/showthread.php?t=95391