Reply to Singel parent on $228K income

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[quote=Anonymous][quote=Anonymous]Car is paid off with only 52M miles I will have it for a while even though it’s 5y old already. Loans are at a fixed 2.75% so it doesn’t make sense to skip retirement to pay them down faster and also I’m eligible for PSLF so the slower I pay them off the better, [b]maybe 3-4 years left.[/b][/quote]

Given where you are at, this should be a "maybe" -- sit down and figure out what is happening with your loans and exactly how long you have left.

If you are PSLF I'm assuming you are a fed. You are honestly in great shape for a single parent household on a fed salary. Yes, these are the years that pinch, trying to save for retirement and college and also support growing kids at home. It's tough. In a few years though, you will be done with your loans, kids will be off to college, you can downsize your home, and you've got plenty saved for retirement. View this as a phase of life, and look forward to what happens in a few years when a lot of these expenses disappear or come down quite a bit.[/quote]

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