- Jan 29, 2010
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We're a dual-income, no kid household w/ yearly income ~$100k. A hundred and forty left on the mortgage, and only other debt is my student loans at $33k. Interest rate on 10 =/11 loans is 6.55% (remaining one is 5.1%), and I pay 475.xx/mo towards them collectively. We each already contribute 15% to retirement every month and each hit the $5500 max contribution.
I'm in the midst of seeing if I'll qualify for the Public Service Loan Forgiveness program, but with how it's currently working I'm not hopeful.
So: Am I better served by paying off individual loans (they range from 1.5k to 4.5k) a couple times a year? Or, should I open a supplemental retirement account? Do something else? Are there other options or is there other relevant information I should consider here?
Thanks!
I'm in the midst of seeing if I'll qualify for the Public Service Loan Forgiveness program, but with how it's currently working I'm not hopeful.
So: Am I better served by paying off individual loans (they range from 1.5k to 4.5k) a couple times a year? Or, should I open a supplemental retirement account? Do something else? Are there other options or is there other relevant information I should consider here?
Thanks!