- Joined
- Jan 24, 2008
- Messages
- 498
- Reaction score
- 0
Sorry if this is similar to other threads, but I'm not financially savvy enough to relate other situations to mine. I'm a med student on a research year between 2nd and 3rd years. I have $60K in Stafford loans (6.8%), about $42K of it is unsubsidized. I should have around $90K total principal borrowed by the time I'm done (my med school is weird in that it gets cheaper the longer you're there). I'm 26 and married, and my wife just started working. We have no credit card debt. We have a 0% auto loan. Our emergency fund is very small, about $1K. We have no investments. Working through our finances, I've found that we'll have about $8K per year that I can either put on my loans, invest, or save for emergencies, etc. I'm tempted to put it all in Roth IRA's because I know we only have a limited time window to invest in a Roth before income disqualifies us. I'd be interested to hear what people here would do were you in my shoes. Thanks.