My wife and I moved to Germany in 2015. We no longer have property or income in the US.
We left $40,000 in a tax-sheltered annuity. This is all we have.
Our credit card has a low balance, but we have around $120,000 in Federal student loan debt between the two of us.
We work at a German boarding school and probably take home 48,000 after taxes. Our expenses are very low, as we do not pay for housing, and eat in the cafeteria here at the school often.
We are no longer eligible for student loan forgiveness as we no longer teach in a US public school, so the entire balance is on us since we plan to stay overseas for as long as they will have us.
Does anybody here have any advice for us on how to move forward. I am 37 and my wife is 39. We have a 4 year old daughter.
Thanks in advance.
Jason
