- Joined
- Sep 15, 2009
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MS1 here. I suspect I should liquidate my funds, but I wanted to double check.
No undergrad debt. 30k grad school debt (mix of perkins, sub stafford and 6.8% unsub stafford). Borrowing 100% for medical school (~70k/yr) (mix of perkins, sub stafford, 6.8% unsub stafford, and 8.5% grad plus).
I have ~8k in a brokerage account, and I do not have any kind of retirement account. Should I open and max out a Roth IRA this year, or should I take the 8k and pay down loans/borrow less? When I look at historical trends, I could expect a 10% return in the market and funds put in a roth could grow tax-free. But my grad plus loan is kind of daunting. So what is the smarter financial move?
No undergrad debt. 30k grad school debt (mix of perkins, sub stafford and 6.8% unsub stafford). Borrowing 100% for medical school (~70k/yr) (mix of perkins, sub stafford, 6.8% unsub stafford, and 8.5% grad plus).
I have ~8k in a brokerage account, and I do not have any kind of retirement account. Should I open and max out a Roth IRA this year, or should I take the 8k and pay down loans/borrow less? When I look at historical trends, I could expect a 10% return in the market and funds put in a roth could grow tax-free. But my grad plus loan is kind of daunting. So what is the smarter financial move?