- Joined
- Jan 20, 2013
- Messages
- 120
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I have a tentative plan, but would like to see what others would do.
Student loan debt: 240k
Other debt: None
Salary: 210k
Employer pays 20k student loans each year for 4 years (80k)
Employer pays 4% 401k match. I'm putting in 6% (10% total) ...after 1 year I have 17k.
Bank savings: ~250k
Investment account: 17k (robinhood)
My plan:
Before the loan interest rates kick back in in January 2022, I'll pay 100,000 towards my student loans in one lump sum. The thought makes me sick. But, it is what is. Then I'll pay the monthly payment on top of that.
I'll get my investment portfolio up to about 40-50k.
I'll keep about 100k in the bank.
Would you change anything? etc More aggressive towards the loan/Less cash??
Thanks.
Student loan debt: 240k
Other debt: None
Salary: 210k
Employer pays 20k student loans each year for 4 years (80k)
Employer pays 4% 401k match. I'm putting in 6% (10% total) ...after 1 year I have 17k.
Bank savings: ~250k
Investment account: 17k (robinhood)
My plan:
Before the loan interest rates kick back in in January 2022, I'll pay 100,000 towards my student loans in one lump sum. The thought makes me sick. But, it is what is. Then I'll pay the monthly payment on top of that.
I'll get my investment portfolio up to about 40-50k.
I'll keep about 100k in the bank.
Would you change anything? etc More aggressive towards the loan/Less cash??
Thanks.