DINK, max TSP (legacy retirement, ideally O-5/6), 6+ month emergency fund in investments, $80k in student debt between SO an I (6.0% avg), no consumer/car/CC debt. Question is do we aggressively pay off student loan debt, or instead put that extra payment money towards our 6.125% mortgage?
The thought of being student loan free in 1-2 years is amazing, but I can't help but see the 10-15 year/$200k-300k savings of paying the mortgage off aggressively (not banking on refinance since lower interest rates seem like a pipe dream). You read about compound interest helping to build retirement, but that same compound interest is making the house more expensive than it needs to be. We hope to keep the house and potentially retire here in 10-15 years, if we sold soon it would be at a loss.
Curious for any and all input. Thanks!
The thought of being student loan free in 1-2 years is amazing, but I can't help but see the 10-15 year/$200k-300k savings of paying the mortgage off aggressively (not banking on refinance since lower interest rates seem like a pipe dream). You read about compound interest helping to build retirement, but that same compound interest is making the house more expensive than it needs to be. We hope to keep the house and potentially retire here in 10-15 years, if we sold soon it would be at a loss.
Curious for any and all input. Thanks!