Hi all! Long time lurker, first time poster. I haven't dedicated the time to tracking down all my numbers to post a case study, so I am going to post a quick question hoping this is enough info:
31 years old, single
$125,000 annual income
$68,000 401(k) currently
$44,000 in student debt (monthly payment is $550)
No other debt
No other assets aside from 3-month cash cushion
I am at the point where I have to choose what I am doing with my excess money and based on the investment order sticky, the advice is to continue maxing out my tax-advantaged accounts. My concern is putting too much money into these accounts, retiring at say, 45, and wondering what I am going to do for income between 45 and 60.
Can anyone point me to a post/article that explains this concept? Should I be considering opening a traditional Vanguard account before fully paying off the student debt or exploring the IRA world? I am happy to provide additional details. Thank you very much!