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[quote=Anonymous][quote=Anonymous]In addition to the 401K, are you contributing to an IRA? You should put aside another $5500/year toward that since you really need to catch up on retirement. Your income is too high for a Roth but you can open a traditional and then do a backdoor Roth. Or just keep it in the traditional if you prefer. But you should shoot for putting aside the maximum $23K annually in all tax-advantaged retirement space available to you before accelerating loan payments further. Of your $4700/month I would prioritize/allocate savings as follows:

1. Retirement ($458.33 monthly on top of the 401K contributions deducted from your paycheck)
2. Student loan repayment ($3500 month will pay off $210K in 5 years or so)
3. Home down payment savings ($600/month just to have something here - can also serve as additional emergency savings. If you push home ownership out till after you've paid off your loans you have a longer time horizon, and could consider putting the money into a balanced fund like Vanguard Wellington)
4. 529 savings (throw the remaining $140/month here, to roughly match her dad's contribution).

Good luck![/quote]

Oh wait, you have $4400/month, not $4700. I'd keep the top two as is and reduce the latter two by $300 wherever it feels best for you.[/quote]

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