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/biz/ - Business & Finance

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5476313 No.5476313 [Reply] [Original]

>$70k in crypto (started with $10k)
>$30k sitting in bank account
>$7k earned per month after taxes/401k

I've got $86k remaining on my student loans. Should I cash out my crypto gains and pay it off ASAP? Or continue my current method of paying $4k per month until late 2019?

It would be awesome to be debt free but I don't want to miss out on future gains.

>> No.5476347

>>5476313
idk retard maybe try and see if the interest on your student loans will cost you more than what you will earn from crypto or not

>> No.5476409

>>5476313

The new tax bill will not allow you to deduct student loan interest anymore.

I would pay off a majority of it, maybe leave 10k in crypto.

Also, since you'll have capital gains and state tax, you're probably only looking at a 60% payout of your gains. Plan accordingly

>> No.5476414

>>5476313
>$86k
Do you have a PHD? 86K is a lot.

>> No.5476518

>>5476409
No loss there. My AGI is too high to get the deduction.
But fuck I didn't even think about taxes.
>>5476414
PharmD. It was over $160k when I graduated in 2015.

>> No.5476529

>Americans indebt themselves to study
Well at least you can actually get a job afterwards. Still I would never pay anything close to that money for uni.
t. Have an MA that I got for free and now paying some $500 per semester which is less than my pension at I enjoy student benefits

>> No.5476563

>>5476529
And*

>> No.5476583

>>5476409
>The new tax bill will not allow you to deduct student loan interest anymore.

Wrong, they took that out of the bill

>> No.5476620

When did you start trading crypto?

>> No.5476657
File: 510 KB, 1080x1492, 12BA7E0E-9CD1-41A9-90CF-2D5A918A3F9F.jpg [View same] [iqdb] [saucenao] [google]
5476657

>>5476313
OP

Don’t pay taxes
Cash out correctly

>>5465608
Cash out while we’re above 15k

>> No.5476709

>>5476583
Not even for a guaranteed 6 figures job? It's not unusual for doctors and dentists here to leave school with $300k debt.
>>5476620
Gradually since July 2017

>> No.5477008

>>5476583

You're right, they must have changed that since the last time I looked at the bill.

Good move by the GOP.

>> No.5477261

>>5476347
Finance 101 listen to this guy OP (btw op is a fuckin mong how did you even make that much)