So I recently earned 11.5k selling an old VW van and am wondering what I should do with it. I will pay around 40k in tuition this year and 20k my last 3 years since my fiancee just got a job at the university and I'll get half off tuition. I'll only be taking out loans for tuition and right now the interest is at 6%. I don't have any other debt and I don't have anything saved for retirement. Right now my plan is to keep 4k as an emergency fund, put 5.5k into a roth IRA and get started saving for retirement, and use 2k to pay for a honeymoon this next year.
Does it make sense to start a retirement account now? Is it better to just use that money towards eating away at tuition?
Does it make sense to start a retirement account now? Is it better to just use that money towards eating away at tuition?
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