Good job. From a psychological perspective, that was a great choice. I don’t think I’m ever going to be able to be out from under mine.
From a financial perspective, minimum payments on RAP + putting your inheritance in a HYSA (or on VTI/VOO) reinvesting dividends and adding as much as possible each month may have been a more optimal route, especially if the balance was substantial. This is why I’m not going to be free from my loans anytime soon.
Neither is right, neither is wrong. It just depends on what works best for you and your risk tolerance.
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Good job. From a psychological perspective, that was a great choice. I don’t think I’m ever going to be able to be out from under mine.
From a financial perspective, minimum payments on RAP + putting your inheritance in a HYSA (or on VTI/VOO) reinvesting dividends and adding as much as possible each month may have been a more optimal route, especially if the balance was substantial. This is why I’m not going to be free from my loans anytime soon.
Neither is right, neither is wrong. It just depends on what works best for you and your risk tolerance.
Congrats!!! I’m sure it’s a big relief