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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So you have almost paid off your house but still have student loan debt???  Weird. You need a FA.

Also, if you return to full time work, PT medical role would work perfectly. Not sure if you PT at a hospital, so they give you medical insurance?
[/quote]

OP here - the mortgage loan interest rate was higher than the student loan interest rate, so we decided to try to pay that off first.

I hadn't thought of the medical insurance issue - ideally DH would still get medical insurance even if he works PT, but I'm not sure if he will be able to.

And ideally, I would rather work less than full-time when I return to work, but that might be just a pipe dream.  DH is handicapped when it comes to household and practical stuff (cleaning, laundry, organization, budgeting) .  And if he were to handle childcare - pretty much everything would be eliminated like activities, sports, snacks, crafts, playdates, toys, school events. He is a good dad, but he has extreme prioritizing where there are only a couple things that are important and everything else is completely unimportant.  So for the sake of keeping an organized house and for the sake of the kids, I'd like to handle most of the house and kid stuff.[/quote]

But mortgage loan debt is way more deductible, as well as dischargable in bankrupt, so you should have paid off student loan (which is weird that your student loans were less than 4%).

Yes, you need to think about medical insurance if he goes part time — esp if you are both part time

You need a financial advisor desperately. You seem a little uninformed and it sounds like your DH doesn’t care. [/quote]

The school loan was consolidated at below 3% interest.  I remember researching the issue, and it was kind of a wash between the two.[/quote]

Well it is very unusual to have a fixed 3% interest rate on 5-6 figure student debt, but sure.

But if it was a wash, you really should have paid off student loan since that is not dischargeable -- so when you all end up in the hospital for 6 months after salmonella poisoning and have to declare bankruptcy you could get the mortgage loan cleared and start fresh.   Though honestly, not the least of your problems.

you don't work now, DH is MIA for household stuff, and he wants to cut back his time to garden and contemplate the meaning of life?  Hopefully he was some high paid specialty, so you raked in a couple of $1M and can now chart a new life forward?

Have you considered moving? I have a buddy who works in rural Louisiaina, and makes gobs of money (like $400k) b/c they  are desperate for medical care in the sticks.  I have no doubt he can pull down a great salary for part time work, and then have low COL and high income so everyone is happy.[/quote]

NP here -- IDK why you're convinced low interest rates aren't possible. This guy doesn't sound like he graduated now. Sounds like he's been practicing for at least 10+ years. My law school loans 13 yrs ago were consolidated at 2.87% - six figure debt. Held on to those for a LONG time as most years I was making more than said 2.87% in the market. So yeah it does happen, it just depends on when you graduated.[/quote]

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