Current MS4, matched into EM, starting this summer. Non-trad, second career. I have ~$240k student debt. Must relocate for residency so I just sold my home. Should net around $100k from the sale. Assets include $150k IRA, $15k Roth and $15k in brokerage account.
I am struggling with the best option for me. I could buy a home with the proceeds and end up with quite a small mortgage payment. The NYT rent vs. buy calculator says to buy, however I could rent, freeing up the cash to either pay down loans or invest. Because I am older with no kids, my goal is to be very aggressive with loan payback after residency.
Moonlighting eligible starting in year 3, could increase income up to $100k per yr for years 3 and 4. Not currently married...
I am grateful for thoughts the Forum has on this situation...
Thanks
I am struggling with the best option for me. I could buy a home with the proceeds and end up with quite a small mortgage payment. The NYT rent vs. buy calculator says to buy, however I could rent, freeing up the cash to either pay down loans or invest. Because I am older with no kids, my goal is to be very aggressive with loan payback after residency.
Moonlighting eligible starting in year 3, could increase income up to $100k per yr for years 3 and 4. Not currently married...
I am grateful for thoughts the Forum has on this situation...
Thanks
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