They keep pushing the forbearance back. I've been saving the payments I would have made plus extra in a HYSA. I have also started contributing to a Roth IRA for the first time this year. A little here, a little there. My Roth Ira rate of return has significantly outperformed my interest rate on my student loans. My student loan interest rate is only 3.7% spread across 8 loans ($26,500) left. My current roth contributions for 2020 is only $1,200.00. Should I invest more before into my roth now (I have the funds to max it for 2020) or should i continue to save and make a big payment towards my student loans right before student loan interest rates go back into effect?
Submitted December 05, 2020 at 11:26PM by usdgrind https://ift.tt/3mOllMb
