Thanks for the replies... cyberisme wrote:Since you gave no indication of what "sizeable" means here are some parameters:- 4 months mortgage (in case our our renters leave us with a vacant home.)1. You should have an efund of about 8 months living expenses.- Does the fact that I'm active duty Army have any bearing on this? I'm not likely to become unemployed. Seems we military are a busy bunch.2. Do you itemize your taxes? If so, if your student loans are earning 3% or less, I'd keep making payments on them as the return on savings should match the after tax interest expense.- I do. My student loans are earning? Is that because the tax benefit is so much that it is greater than the 8.25% I pay?3. If you are paying any more than 4% interest and you will continue to have a minimum 3 months living expenses efund after paying off the $9k, then I would pay off the student loans.- see above. I could cut into my vacation fund a bit and pay it down substantially, but not entirely.4. Regarding #3, if you know you can increase your efund back up to 8 months quickly and easily, then I would definitely do #3.- So, I should find my comfort level for the efund and then reduce it to that?Again thanks...g
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra