re: What would the MT board do ? Regarding condo sale and student loan balance

I agree with all of this

quote:

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Yep, do this. This debt will weigh you down forever. The delta from 4.24% vs 5% in CDs is beans. Pay the sucker off

Take $13.5K out of the ~$33K left from sale of condo and fund your '23 and '24 Roth ($6.5K for '23 and $7K for '24)

Put the remaining $19.5K in that CD or open a taxable brokerage account or boost your emergency savings or go on a kick arse vacation

Definitely up your 401K to 15%

Take what was the payment for you student loan and save it going forward to fund your Roth on Jan 1st '25, rinse and repeat going forward

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But I would add to this a question about your long term housing plans. Having money in a personal residence gets you some diversity in your overall allocation of your net worth. If you own a home your housing costs are inflation protected (apart from property taxes maintenance and perhaps insurance) You lose that inflation protection as a renter and the long term appreciation.

Are you getting back into home ownership or are you going to rent long term / forever and be subject to rising housing costs that you are somewhat insulated from when you own a house with no mortgage or a fixed one you are paying down?