First some background: no other debt, maxing out i401k/Roth/HSA, marginal tax rate of 25% primarily due to high charitable givings leading to high itemized deductions. I know many would invest in taxable over paying down this debt but when I'm already passively investing >$70k tax advantaged, I'm leaning towards eliminating debt.
Which would you pay down first?
~$340k mortgage at 4.125% or ~$150k student loan (5yr refi) at 3.49%.
#1 consideration: Is it accurate to say my post tax mortgage interest rate is 3.094% [4.125-(4.125*.25)]?
Also the school loan is not able to be wiped in bankruptcy but it is wiped in the event of my death and I am married.
Which would you pay down first?
~$340k mortgage at 4.125% or ~$150k student loan (5yr refi) at 3.49%.
#1 consideration: Is it accurate to say my post tax mortgage interest rate is 3.094% [4.125-(4.125*.25)]?
Also the school loan is not able to be wiped in bankruptcy but it is wiped in the event of my death and I am married.
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