I (30) graduated from knowledgeable grad faculty 4 years in the past with ~180k federal scholar loans at 5-6% rate of interest. I haven't made any funds in direction of it since COVID began because of 0% curiosity and as an alternative have been placing most of my cash into the inventory market. The returns have been nice for the previous few years however I'm pondering of promoting an excellent portion of it to fully repay my scholar loans earlier than the funds resume in September. I’ve already accounted for the capital positive factors tax that can consequence from this. This would depart me 100% debt free.
I take house about 170k per yr and I'm capable of max out my 401k, Roth IRA, and HSA yearly. I reside in a VHCOL space and attempt to reside frugally however nonetheless have about ~3k a month in bills. I’ll have about 4 months of bills saved up in my emergency fund if I resolve to proceed with this plan. Is there a means higher to go about this? I've by no means made a transaction with this amount of cash earlier than and questioning if that is the proper choice.
Any recommendation could be appreciated, thanks all upfront!
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