I'm 46 years old and have a master's degree. I have a permanent job with the state earning just about 60k per year, about $200,000 in a retirement account and $10,000 in my savings account. I'm single and have no kids, and I live in an area with a pretty low cost of living.
I have a good credit rating (820). My only debt is 11 years left on a mortgage ($61,000) at 3.99% and 5 years left on a car loan, for a 2014 Subaru, at 2.49%. I'd like to spend some of that $10,000 on a few house projects--like replacing my front steps--but I want to keep some emergency fund just in case.
Should I prioritize paying off one of the loans and by how much? Am I on the right track for retirement? Is there anything I should be doing that I am definitely missing? Thank you.
Submitted April 10, 2017 at 09:24PM by the_long_memory http://ift.tt/2pnyL3l
