I am in a situation to be completely debt free by paying off my car loan, and I'm having trouble deciding what is the right thing to do. I feel it may be beneficial to just pay the loan every month and keep the cash on hand in my brokerage or HYSA. What do you think I should do? Below is my situation:
$10,500 left on a car loan, 2.49% Interest Rate, $299 monthly payment
Age: 25yo (this month), Salary $115k
$130k in brokerage
$72k in retirement (roth ira/401k)
$25k in HYS making 4.25% (liquid)
Upcoming potential charges: Mortgage (within 2-3 years)
Thanks in advance, I really appreciate any input!
Submitted August 11, 2023 at 10:07PM by Western-Grab-1569 https://ift.tt/OaGCuV2
