re: What to do w/ $500,000

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I’d have to check, because I have a couple and my wife has a few, each, but around 5.5% - 6.25% I believe. I’m positive none are are more than 6.5. They just combine to $88,000.00. We previously paid off the highest interest student loans.

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Generally, it’s not a horrible idea to get rid of high interest student loan debt. In your case, you may be eligible for tax deduction on the interest and any interest on a money market is taxed in the current year…there’s not a huge spread between them.

The Dave Ramsey logic in this thread of “pay off the loan to free up additional cash flow” is an overly simplistic way to view the situation.

Unless you need the funds in the next year or two, I would invest in the market. You’ll still get some dividend yield if you are interested in that cash flow for immediate usage. Money market funds are fine for short term but you won’t be able to lock in these rates past a year.