Which should come first? Retirement vs debt

Here is how I'm prioritizing the distribution of our household income:

1. Max 401k (has 50% employer matching)
2. Max IRA
3. Save 1 month's worth of bills (I have enough access to credit to handle worse scenarios)
4. Pay down 10.75% loan
5. Pay down 2.88% loan

It seems like with the 50% employer matching, it makes sense to put the 401k as first priority.

It seems like the 2.88% interest is low enough to make it a lower priority than the IRA.

My biggest question is about the IRA vs 10.75% loan. I'm not too sure how the long-term benefits of having more in an IRA earlier vs less debt sooner plays out.

What are your thoughts on this?

Submitted April 19, 2018 at 03:54AM by workerdaemon https://ift.tt/2JZdSXA