inheritance - what would you do?
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Anonymous
| The only reasons I'd consider keeping student loans is that it's really the only kind of debt a potential employer could help you with. They don't have HELOC repayment assistance the last I checked. IMHO. |
Anonymous
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Listen to Dave Ramsey --to find a radio
stationhttp://www.daveramsey.com/show/stations/ you might have to put in Washington, DC to see a broad choice of stations. Listen to him for a few days--very entertaining. You will know what to do. He specializes in helping people get out of debt, and prioritize on what debts to pay off first. I've heard callers to his show ask this very question many times, and he's very helpful. And he's not just trying to help you get out of debt; it's part of a larger plan to help you become financially independent. Fabulous show. |
Anonymous
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I would NOT pay off the student loans. they are lowest on the priority list, as is paying off your house since you're about to move.
I would pay off credit card debt and cars then invest the rest in a low-risk investment and secure your retirement. living comfortably in retirement is paramount - I don't mean lavishly, just comfortably so that you don't have to become a walmart greeter. |
Anonymous
| I'd second Dave Ramsey. He'd have you pay off your cars and student loans first. |
Anonymous
| $250K in loans sounds like a big burden to me. I would be inclined to pay that off/down. |
Anonymous
| The thing about student loans is that they die when you do. If you arrange your estate so that everything passes outside probate, then the student loans will vaporize at your death. And they can be deferred if there is a financial emergency. |
Anonymous
Sure, go ahead and take this route. It's absolutely the right thing to do. 
WTF is wrong with you? She borrowed the money, she needs to pay it back. Guess who pays for it otherwise?? Your kids, and mine, that's who. Ridiculous. |