Steve’s main concerns, in his words:
Hello. I am a 28 year old guy who works as a Public Defender. I am in a long term relationship that will lead to an engagement very soon (ring is already purchased), and my future-fiancee is currently in a 2 year masters program.
I’ve recently paid of all consumer debt, but still have ~$83,000 in student loan debt from law school that I am not attacking because I am participating in the Public Service Loan Forgiveness plan. As someone who loves paying off debt, this is a struggle for me, but (I think) it is the right move for me to make.
As I’m planning to marry the gal in grad school, I will assume her debt. Her debt is under $20,000 but owed to her father. I’m sure he would be nice and forgive it, but we would like to be honorable and pay it back.
I’m currently about to have three months saved for an Emergency Fund and am trying to get my 2016 Roth IRA fully funded. I am also putting $50 per paycheck in a traditional 401k type fund (the government employee version). Also, I have about $300,000 in life insurance through my employment that costs ~10 per paycheck, which I think is a great deal.
I’d love to be on the podcast because I’d like to know if what I am doing makes sense to The Experts. With a wedding to save for and a marriage to grow soon after that, I’d like to have as little money pain as possible heading forward. Thanks!
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.