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@miriamc I normally base that decision on high yield savings accounts rates. I'm getting ~5% right now, so it doesn't (mathematically) make sense for me to pay off any debt below that number. However, the gains you're making are tiny. And getting rid of the burden of debt can be a lot better...

@magnus359 Yes, right now your IRA is full of cash (most likely). You will need to go in and choose what to invest in. IRAs (in my experience) work closer to a regular brokerage account than a 401(k). In most 401(k)'s I've dealt with, you go in and choose from a list what you want to invest...