Thanks for the video. I’m a 1st year resident. Is it more beneficial to put money toward RothIRA now or use that same money toward my federal loans (6-7% interest rate)?
Compared to what you can pay toward loans when you become an attending, what you pay during residency isn't likely to make much of a dent. You only get $6500/year toward a Roth IRA and you can't get that tax-advantaged space back later.
Thanks for the video. I’m a 1st year resident. Is it more beneficial to put money toward RothIRA now or use that same money toward my federal loans (6-7% interest rate)?
Compared to what you can pay toward loans when you become an attending, what you pay during residency isn't likely to make much of a dent. You only get $6500/year toward a Roth IRA and you can't get that tax-advantaged space back later.