Prepay Student Loans OR Increase 401(k)
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2014 Tax Information
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Gross Pay$75,000
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Other Income$200
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Health/Dental/Vision$75
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FSA/HSA/Commuter Benefits$1,200
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Number of Exemptions1
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Student Loan Interest Deduction$0Don't forget to gradually phase out for income over 60k-75k
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Other Adjustments$0
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Loan Details
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Present Value$50,000
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Interest Rate5.25%
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Minimum Payment$1,000
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401(k) ContributionsCompare This:To This:
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$5,000$17,500
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Money Saved By Increasing 401(k): $4,566.05
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