1.85% on 45k student loan - just pay the minimum?
April 11, 2014 11:06 AM Subscribe
So, I'm selling my house and will have some extra cash, finally. I have a consolidated student loan that after years of steady payments, has come down to a very low 1.85% interest rate. Given the current economic conditions, and an intense desire to have my money work hard for me after years of being in the doldrums, should I up the payment and try to save a tiny bit on interest? Or would it be better to stuff my IRA, or put money into a no-load fund or index?
I'm not at all a seasoned investor, and am having some health problems (brain fog/fatigue), so the more simple and straightforward approach to dealing with my house sale proceeds, the better. I do have a little pipe dream: take some of the money from the house sale, sell off all my possessions, and just wander around, taking odd jobs...is that crazy?