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re: What would the MT board do ? Regarding condo sale and student loan balance
Posted on 2/7/24 at 12:23 pm to rpg37
Posted on 2/7/24 at 12:23 pm to rpg37
quote:
Student loan interest being tax deductible also lowers the effective rate.
Nope, seems would phase out at his income level, gets no deduction.
My vote is to Pay it off and start investing that payment instead. You could make up that amount in less than 5 years investing.
The interest savings and peace of mind will be worth it… I’ll have paid 200k + off by this time next year at 6-7% loans. But it’s taken me 10 years and over 50k in interest. Can’t wait for that weight to fall off my shoulders.
You could put it in Jepq and get around 1600 a month in dividends but you’d have to pay taxes on that.
This post was edited on 2/7/24 at 12:37 pm
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