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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What I would do: Pay off the student loan. Put the rest in your emergency fund. Use the increased cash flow to pay off auto loan quicker. [/quote]

Do this, not the car loan.  The car loan is a (very slightly) higher interest rate, but the SL will free up more money per month.  Use that $550 to beef up your EF and pay down your auto loan.[/quote]

With the extra $550 I would do the following:

$250 - pay extra on car loan 
$250 - emergency fund
$50 - 529

Once you've paid off your car loan I would use that money towards the emergency fund and increase the 529 to at least $250 per month.

[/quote]

Whichever of the loans you decide to tackle first (and I agree that the loans are you first priority), you need to be sure to divide up that payment between these buckets. Once the emergency fund has a full 6 months in it, then you can increase the 529 a bit and look into opening an investment account outside of your retirement accounts.

Did you say that your DH also has a lot of educational debt? Could selling one of your rental properties generate enough cash to wipe out most of it? If so, consider doing it. Make yourself and amortization schedule to see how much debt you carry as a family and what it costs you each month. Selling even one property might save you a lot of money in the long run.

Please get going on those 529 accounts. do what you can to reduce your kids' burden while saving for your own retirement at the same time.

I bet they have the accountant because of the rental properties. [/quote]

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