BLUF I have $85k left in student debt and $130k in bank liquid. Apr is 5.68% should I just pay it off and build back my bank account again?
I married into 120k of debt and it's down to 85k after 7 years of steady payments. It's the only debt I currently have. Both cars are late models paid off and we live in base housing, no CC debt. I cut the cards up and paid off 5k debt soon after marriage. We now use a amex plat like a debit card. I'm in the High3 plan with 10 years left and contribute 5% to a 2040 tps account. E6 currently.
Posted by Linkz98
1 Comment
1) Yes pay it off
2) You shouldn’t ever have $130k just sitting in a bank. You need to significantly raise Roth TSP contributions… at least 15% of your monthly *total entitlements,* but as much as you can reasonably afford. Put it into C.