How would you rank investing accounts in order for student loan borrowers? What should we prioritize? This is a frequently asked question Student Loan Planner gets a lot. In this video, we go over the investing accounts that borrowers should prioritize as you enter your student loan repayment and debt free journey.
0:48 First don’t default, pay what you have to (impact to credit)
1:11 Get employer match
1:35 Pay off credit card debt
1:57 Get $5k in the bank
2:07 Set up $100 a month in a brokerage acct
2:50 Get 6 months expenses
3:40 Max retirement
4:30 Put $1000 a month in a brokerage
5:43 Pay off student debt / invest more, YOUR CHOICE
7:06 Mortgages come after student debt because of potential tax benefit
Read more on investing: https://www.studentloanplanner.com/?s=investing
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Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.
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