Hi,
I'm currently finishing the first year of a 4 year residency. I maxed out my roth IRA and plan to do so the next 3 years in addition to an HSA (if I'm eligible to contribute). my residency offers a 401k but does not match. In addition, I also pay about 2k in student loans per month to keep interest from growing. I don't feel I can make a huge dent in my loans during residency but can see myself paying it off in 3-4 years post residency. Because of this, I'm interested in compounding savings during residency.
Once my roth and HSA are maxed, where do you guys recommend I put the extra money towards? Should I try to max out the 401k? Would it be better to open a taxable account? Or is my logic flawed, and I should attempt to pay as much as I can towards student loans? Thanks!
I'm currently finishing the first year of a 4 year residency. I maxed out my roth IRA and plan to do so the next 3 years in addition to an HSA (if I'm eligible to contribute). my residency offers a 401k but does not match. In addition, I also pay about 2k in student loans per month to keep interest from growing. I don't feel I can make a huge dent in my loans during residency but can see myself paying it off in 3-4 years post residency. Because of this, I'm interested in compounding savings during residency.
Once my roth and HSA are maxed, where do you guys recommend I put the extra money towards? Should I try to max out the 401k? Would it be better to open a taxable account? Or is my logic flawed, and I should attempt to pay as much as I can towards student loans? Thanks!
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