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URL:  http://boards.fool.com/i-can-relate-in-one-aspect-graduate-11069541.aspx

Subject:  Re: Student Debt Date:  7/20/1999  9:47 PM
Author:  JLC Number:  12407 of 76106

I can relate in one aspect, graduate LSUMC-Shreveport, class '91. Fortunately graduated without debt thanks to college scholarship and forethought/savings of parents.

I'm guessing because of your age, you're just starting residency. Good luck. Here's my take, at least invest in a Roth IRA while you can, once you get that first job, chances are you won't qualify anymore. By the time you retire, that Roth money will be a tidy tax-free some. Next, invest in 401(k) to extent of matching funds from employer. The matching part I consider the "guaranteed" return. Then begin whittling down on the loan debt. Debt is a tough master to serve, the sooner it's payed off, the sooner other avenues of opportunity will open.

As a professional aside, it'll be highly tempting to do a ton of moonlighting. Don't. Residency is tough enough as is, try to limit yourself to no more than 2 or 3 shifts a month.

If you need another doctor's opinion later on, feel free to e-mail.

JLC
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