Hello,
Lets get right down to the nitty-gritty.
- I am 28 years old, currently living in California.
- I am a first-year medical resident making $55k/year (about $3.6k/month after tax). I have about ~2-5 years of residency left (depending on whether i choose to specialize) making about $1-2k more each year.
- I have $150k in loans from medical school, but I am currently on the REPAYE program and paying $0/month. As of now, I am planning on doing PSLF, but depending on whether i decide to specialize or not, I will refinance as soon as I am done with residency depending on the situation.
- I am living at home and helping out with rent at about $400/month
- I have a car loan of $5600 with 4.94% APR, I am paying $300/month on it.
- My residency employer does not offer a 401k match. I have maxed out my 2018 and 2019 Roth IRAs.
- I have my checking account with Chase and savings account with Ally. I only have about $5k as emergency fund put into my Ally account seeing that I am living at home and can ask for help from family if I end up needing more than $5k.
What should I do next with any extra $$ money that I have? What would be your next move in this case? Do I start paying down those loans even though I plan on going for PSLF/Refinancing after residency and right now I am paying $0/month on them via REPAYE. Do I start investing in other accounts? Should I contribute to a 403B? Do I put some money in stocks? What would you do?
Submitted March 12, 2019 at 04:17AM by poopsicle69in https://ift.tt/2F8rZJP
