r/personalfinance•
OPXur

(US) Where should paying off 401k/Life Insurance Loans fall in Order of Investing?

Debt

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?

  1. Small Emergency Fund (1 month)
  2. 401k Match contribution
  3. Pay off CC debt, high interest loans
  4. Max Roth IRA
  5. Max 401k
  6. Emergency Fund (6 month)
  7. Low interest loans (Car loan 1.5%)
  8. Mortgage (4.99%)

Posted Nov 1, 2023, 3:57 PM UTC

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