Hello,
I just found out about this website at the dental convention.
I am embarrassed to say it but I am very late to the “saving for the retirement” road. I have been out of school for 10 years but have not accumulated wealth nor have paid off my student loan.
I need advice on what I should do at this time.
I have:
Student Loan $36K 1.625% fixed
Mortgage $382K 2.75%(15 year loan), Equity $150K
Business Loan for practice $492K 5.25% variable
(Just purchased the practice less than a year ago)
I do max 401K.
I do have 6 month emergency fund.
I have $45K disposable cash that I would like to pay against Mortgage or business loan.
What would be best course of action for me?
Should I put any extra income I get toward the business loan or put some against mortgage? The interest on student loan is so low, I think it is best to leave as is until I pay off the other loans.
Also, Should I take money out of home equity to pay toward the business loan?
I would welcome any advice you have for me.
Thank you in advance for your time.
I just found out about this website at the dental convention.
I am embarrassed to say it but I am very late to the “saving for the retirement” road. I have been out of school for 10 years but have not accumulated wealth nor have paid off my student loan.
I need advice on what I should do at this time.
I have:
Student Loan $36K 1.625% fixed
Mortgage $382K 2.75%(15 year loan), Equity $150K
Business Loan for practice $492K 5.25% variable
(Just purchased the practice less than a year ago)
I do max 401K.
I do have 6 month emergency fund.
I have $45K disposable cash that I would like to pay against Mortgage or business loan.
What would be best course of action for me?
Should I put any extra income I get toward the business loan or put some against mortgage? The interest on student loan is so low, I think it is best to leave as is until I pay off the other loans.
Also, Should I take money out of home equity to pay toward the business loan?
I would welcome any advice you have for me.
Thank you in advance for your time.
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