I am due to get about 20K quarterly bonus, and I wanted some opinions on what to do with it. I believe there are some good options, and probably can do a combination.
1) Student loans have 99K outstanding at 3.5% fixed (down from 250K 2 years ago), could do an interest only payment
2)Front load 529, we just had our first child 4 days ago. I expect to use it to pay for state public university, unless she earns more on her own. It would be nice to have tax free earnings over 18 years.
3) Extra payment to mortage (15 yr @ 3.1% fixed)
4)Taxable account as tax privledged maxed out
Thanks for any advice
1) Student loans have 99K outstanding at 3.5% fixed (down from 250K 2 years ago), could do an interest only payment
2)Front load 529, we just had our first child 4 days ago. I expect to use it to pay for state public university, unless she earns more on her own. It would be nice to have tax free earnings over 18 years.
3) Extra payment to mortage (15 yr @ 3.1% fixed)
4)Taxable account as tax privledged maxed out
Thanks for any advice
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