I'm approaching 40 and don't have any money put away for retirement yet. I also have about $42K in student loan debt remaining. I'm about to sell my house and I'm torn between paying off the student loan debt or putting that money into retirement. My first instinct is to pay off the debt (2/3rds @ 6.5%, 1/3rd @ 2.5%) and then I can funnel my old mortgage payment into retirement. Or, should I take that $42K and start a retirement fund then use old mortgage payment to pay off my loans? (I'll end up paying $6K in interest this way.)
Submitted December 13, 2017 at 11:23AM by EggieRowe http://ift.tt/2nWVWpt
