(US) Where should paying off 401k/Life Insurance Loans fall in Order of Investing?
If you've already taken these laons, and these loans have low/medium (5%) interest that you're paying back to yourself, and they do not impact your credit score, where do they fall in the order of building your savings?
- Small Emergency Fund (1 month)
- 401k Match contribution
- Pay off CC debt, high interest loans
- Max Roth IRA
- Max 401k
- Emergency Fund (6 month)
- Low interest loans (Car loan 1.5%)
- Mortgage (4.99%)
Posted Nov 1, 2023, 3:57 PM UTC
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