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My baby Foolish common sense told me that this is probably the right approach.

However, when I discussed this with the American Express Financial services they "of-course" convinced me of the NEED for life insurance.

If I get ran over by the chicken truck, my family is protected with a 500,000 policy. If it were my wife, it would be 300,000.

Also, I should point out that 375/mo go to life insurance (sorry should have been more specific). Also, we put $100 into roths (not maxed).
Also, I have a 401(k) that's maxed; my wife will be starting her retirement investment but its the one for non-profit organizations (i can't remember what it is and my wife is putting our child to bed).

Also, I was thinking that I needed some cushion money for emergencies or job changes, etc; like 6 months worth of knuckles-to-bone living expenses. That's what the mutual index fund is.

Anyway, regardless of the details, it sounds like the Foolish thing to do is to pay off the enormous student loan debt before attempting to invest. right?
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