Author Topic: Loan vs Taxable Acct vs eFund  (Read 1350 times)


  • 5 O'Clock Shadow
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  • Posts: 21
Loan vs Taxable Acct vs eFund
« on: January 27, 2018, 01:02:44 PM »
Current situation:

- Maxing out retirement accts
- $10,000 in savings account for emergency fund (=about 5 months of expenses)
- $6,000 in student loans remaining at 4% interest

Should I:
a) Sacrifice emergency fund to be done with the loan
b) Keep the loan at minimum monthly payment and use some of emergency fund to start investing in a taxable account
c) Keep both the loan and the emergency fund, and slowly start investing with future income

Would love your input!


  • Senior Mustachian
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  • Posts: 11037
Re: Loan vs Taxable Acct vs eFund
« Reply #1 on: January 27, 2018, 02:33:19 PM »
Have you done all (that you can) for steps 0-6 of Investment Order?

If not, go forth and do! :)

If so, it's up to you whether to do steps 7 and 8 in that order or flip them.  The deductibility of your SL interest (or not) may have a bearing.


Wow, a phone plan for fifteen bucks!