No. of Recommendations: 3
I hope I am not posting an OT post here, but if I am, I apologize. Thanks in advance to anyone who replies.

Shame on this board if you feel you have to apologize. You are right on topic--welcome!

Should I put it directly towards the car and the down payment?

You are living in free faculty housing. The very best advice I can give you, and I hope you'll take it, is not to abandon that free housing until you are forced to. Saving for a down payment is the absolute lowest priority of the things you list.

Pay off the car first, then work on those loans.

Should we aggresively pay our student loans down, even with our interest rates so low?

Maybe. The market has been crazy. If you could know that we were at a bottom, it would be time to invest heavily. There is no way to know. I'd probably split the difference and do half investing and half aggressive payment of loans.

Should we pay down loans now with our cash savings

No. Use your $800/month extra for the car payoff. Keep your cash for an emergency fund.

Is retirement at age 57 even conceivable at our income levels?

Yes, unless you stop living below your means.

Congratulations on your graduation and best wishes for your future life in Florida.

- tmeri
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