I'm about to turn 31 and I wanted to know if I'm screwed if I haven't started any form if retirement savings.
My wife and I currently have $104k in student debt. We just bought a modest house because it was only a couple hundred more than renting. I figured we would gain some equity that way. I'm putting all of our extra money into the student debt and have a plan to pay it off in 6 years. So by the time I'm 37 hopefully I will not have the student debt looming over my head.
My wife is a teacher so I guess she will have a pension to look forward to (as long as that's still a thing when we are 70). I have an option to do a 401k at my work but there is no matching so I was thinking about doing a personal retirement plan.
Should I focus all of my money into paying off the debt or split it between a retirement fund and paying the debt off?
Submitted January 30, 2019 at 06:55PM by natecrocker http://bit.ly/2G1qQ8g
