I have roughly $25,000 in my 401k currently, with about $23,000 in outstanding student loan (all federal loans) debt averaging 5.1% interest. As I'm looking at my 1 year 401k performance report (-14%; had 100% contribution into S&P 500), I can't help but now think I should have paid off my student loans if I can take out a 401k loan for 0%.
The compounding interest usually turns my loan payments into 30% + of interest. I currently have my payments set to the lowest possible option, then pay down the highest interest rate loans individually.
Other than student loans, I have about $1,000 in CC debt, and $5,000 in a company stock plan that is fully vested, and currently sitting on the sidelines as cash. Welcoming all advice.
Submitted January 29, 2019 at 11:53AM by wontonloup8 http://bit.ly/2HDjSZ0
