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|Subject: Re: Student Debt||Date: 7/20/1999 9:47 PM|
|Author: JLC||Number: 12407 of 81983|
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.
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