I've recently had a 2% CD mature and am not interested in plunking the money back into a CD. I feel cash heavy at this time. My spouse prefers cash.
I am considering keeping a portion of the money for an EF, using it towards my student loans, investing or speculating.
Summary:
-Less than 2 years into surgical subspecialty practice. Nearly 34 years of age.
-S-Corp
-Saving 30% of gross income towards retirement (backdoor Roth x2, solo 401k, HSA maxed; remainder in brokerage).
-Mostly total domestic and international stocks. A small amount of Apple and Tesla in my Roth IRA (basically what I saved in my Roth during residency).
-Approximately $178,000 student loans at 0.35% interest due in 4 years. Making minimum monthly payment ~$3,773.
-Recently purchased home with physician loan, 5% down, 3.275% interest. Unlikely that we will stay in this home for more than 5 years. Plan to stay local for work unless I'm fired.
-Spouse stays at home. 20 month old child. Second child due June 2021.
-Student loans and mortgage only debt.
-Current net worth is positive.
I don't feel that I need a large cash EF since the brokerage is in the six figures. But this would make my spouse more comfortable, which is wise.
I have considered depleting the cash reserves over the next 14 months and paying off my student loans on my 35th birthday. This is an arbitrary number. Feels silly to pay it off faster than I need to given such a low interest rate, though I do believe that "the borrower is slave to the lender" as noted in Proverbs.
Am I able to get another physician loan (5% downpayment or less) while I currently have a physician loan? This is assuming we transition to a different home in less than 5 years. I don't want to keep the cash in a high yield savings (0.5%) account during that time for a traditional down payment if I can indeed get another physician loan.
I've considered just plugging the money into my brokerage, but this feels boring, but likely the correct answer.
I've considered speculating in Bitcoin/Ethereum, but I honestly haven't even looked into how to purchase this. I would feel pretty stupid if I lost it all.
What would you do?
I am considering keeping a portion of the money for an EF, using it towards my student loans, investing or speculating.
Summary:
-Less than 2 years into surgical subspecialty practice. Nearly 34 years of age.
-S-Corp
-Saving 30% of gross income towards retirement (backdoor Roth x2, solo 401k, HSA maxed; remainder in brokerage).
-Mostly total domestic and international stocks. A small amount of Apple and Tesla in my Roth IRA (basically what I saved in my Roth during residency).
-Approximately $178,000 student loans at 0.35% interest due in 4 years. Making minimum monthly payment ~$3,773.
-Recently purchased home with physician loan, 5% down, 3.275% interest. Unlikely that we will stay in this home for more than 5 years. Plan to stay local for work unless I'm fired.
-Spouse stays at home. 20 month old child. Second child due June 2021.
-Student loans and mortgage only debt.
-Current net worth is positive.
I don't feel that I need a large cash EF since the brokerage is in the six figures. But this would make my spouse more comfortable, which is wise.
I have considered depleting the cash reserves over the next 14 months and paying off my student loans on my 35th birthday. This is an arbitrary number. Feels silly to pay it off faster than I need to given such a low interest rate, though I do believe that "the borrower is slave to the lender" as noted in Proverbs.
Am I able to get another physician loan (5% downpayment or less) while I currently have a physician loan? This is assuming we transition to a different home in less than 5 years. I don't want to keep the cash in a high yield savings (0.5%) account during that time for a traditional down payment if I can indeed get another physician loan.
I've considered just plugging the money into my brokerage, but this feels boring, but likely the correct answer.
I've considered speculating in Bitcoin/Ethereum, but I honestly haven't even looked into how to purchase this. I would feel pretty stupid if I lost it all.
What would you do?
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