So first and foremost I make my 401k employer match, max my HSA and pay all my living expenses and keep a 6 month emergency fund.
Next, right now I am under 20% down on my house (I put 10k down on a 200k house last week, 5% interest). I will pay 170/month for PMI until I hit 78% LTV. this is like paying 6.5% interest in addition to the 5% mortgage interest (11.5% all together).
So my question is, do I take our extra cash throughout the year and max our ROTH contributions or do I pay on the mortgage as much as possible to get to 20%?
Right now I make 130k/year but have 137k in student loans. My wife doesn't work and we have 1 child. We're both 26
Submitted May 27, 2018 at 04:45AM by connol52 https://ift.tt/2scs0p1
