Looking for some advice.
I currently have $46,000 in student loans at a 3.8% adjustable rate. I pay the minimum every month. I have a 401k at my job that I put the max into and up until now, all of my extra money was put toward my IRA for 2014 and 2015. I'm at the point now where I can put my last $750 into my 2015 IRA today which is an awesome feeling!
Since my retirement accounts are being taken care of, I'm fortunate enough to now be able to focus on what to do with my leftover money. I will have approximately $1000 extra each month which I'm leaning towards throwing all at my student loans. If I do this, I can pay my student loans off in between 2.5-3 years from now and will save approximately $6000 in interest over the remainder of the loan period (years 3-10). On the other hand I could open a taxable account, risk my adjustable rate going up, and start dumping it there. If I were seeing better returns on my retirement accounts I would go with the later but since I've been investing I don't think I'm on track to beat 3.8% this year (mostly VTSAX).