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I stopped contributing to mega backdoor bc 1) I realized that with my 401K and HSA, that’s way too much money locked up for retirement, 2) the paperwork got too complicated, and I have no confidence in policies standing behind mega backdoor, so I don’t want to risk having to back pay the taxes anyway, 3) I wanted to pay off student loans asap bc I just didn’t like having them, and 4) I prioritized buying real estate
A1, huh?
It’s probably better off to split it more evenly. I would at least start making more than the minimum payment each month on the student loans. Maybe pay it off in 5-10 years seems reasonable.
Personally, I paid off all student debt in first two years of big law. It was about $75k. I also already have a mortgage too with a low interest rate. So housing wasn’t an issue for me and I’ve invested in the house. I do agree with AS1 about investing in real estate as it should work out and give you some security.
I will say you never know what will happen later in life. If the debts gone it’s easier to pivot out of big law or into something else. You may want a career in big law or may not. They can also kick you out too. Most only last 3-5 years. So best to have an exit strategy.
Depends on interest rates
Unless you’re petrified of debt wait until treasuries are under 3% (ie your HSA)