Age: early 30s
Previous salary: About 70k, New salary: low 100s
I also have a side business where I project to make about 25-30k this year.
Savings: 90k in HYSA
Student loans: 79k
No other debt other than mortgage, which doesn’t cost me much at all and low interest rate.
403b from previous employer: About 30k
Roth IRA started in 2020 has 6k plus interest.
I max out HSA. New job doesn’t offer any matching for 401k/403b.
My income this year will be close to the Roth IRA limit of 125k because it’s a mix of old and new salary, so I’m not contributing until I know where I’ll be.
1) If I can’t contribute to Roth IRA, what would be the best thing to do?
2) I’m planning to start paying off all my student loans once interest picks back up. Should I pay it all off or just some? I’m planning to have a emergency fund of 25k-30k, so that leaves a lot of savings. Would it be better to invest some?
3) Now that I’m in a position to pay off all debts, what should I be thinking about doing/investing in for now and retirement?
Submitted July 16, 2021 at 03:04AM by tarheel614 https://ift.tt/3imCITo
