- Joined
- Nov 2, 2015
- Messages
- 72
- Reaction score
- 9
Hey guys,
Had a quick question about PSLF and what to do with extra money I'm saving. I'm lucky enough to have a wonderful spouse working. So the money that I am making basically goes to whatever few bills I have during the month, and the left overs I can pretty easily save. Right now, I'm saving about 2k per month. I've got some of what I've saved into a Roth IRA. I'm maxing that out. As far as the rest, I'm not sure what I should do. I am expecting the public service loan forgiveness to either be capped or done away with by 2027, which is when my loans would be forgiven. And the reason I am saving this extra money, is in case I get messed over by the government on year 9 of paying the bare minimum on my loans, I can throw the money I've saved straight to my loans.
I guess my question is, where should I store this money right now? Invest in S and P 500 index fund with Vanguard? Do a balanced growth fund with Vanguard? Put my money into a money market?
I would love to know what others are doing in case the crap hits the fan with the PSLF.
Thanks!
Ryan
Had a quick question about PSLF and what to do with extra money I'm saving. I'm lucky enough to have a wonderful spouse working. So the money that I am making basically goes to whatever few bills I have during the month, and the left overs I can pretty easily save. Right now, I'm saving about 2k per month. I've got some of what I've saved into a Roth IRA. I'm maxing that out. As far as the rest, I'm not sure what I should do. I am expecting the public service loan forgiveness to either be capped or done away with by 2027, which is when my loans would be forgiven. And the reason I am saving this extra money, is in case I get messed over by the government on year 9 of paying the bare minimum on my loans, I can throw the money I've saved straight to my loans.
I guess my question is, where should I store this money right now? Invest in S and P 500 index fund with Vanguard? Do a balanced growth fund with Vanguard? Put my money into a money market?
I would love to know what others are doing in case the crap hits the fan with the PSLF.
Thanks!
Ryan