44 years old making about $175k/year. I reached the pre tax employee contribution max for the 401k last year which enabled me to also get the max employer contribution at my full time jo. The 401k allows for after tax contributions but I have not done that.
Debts are $12k car loan @ 5%, primary mortgage @ 4.25% has $350k and 23 years left, rental property mortgage of $95k @ 6.25% and 22 years left. Rents collected just about cover the mortgage there; I kick in $50/month to make the mortgage payments.
Picked up some extra work that will generate another $500-600 per month. What would be the most advantageous use of the extra income? Pay down the debts? Make after tax contributions to 401k? Any other suggestions?
Submitted January 01, 2018 at 04:14PM by danofyourdreams http://ift.tt/2DL2bzL
