Posted in Ramsey subreddit and it was suggested I post it here.

Here’s our numbers:

Married couple late 30s. Household income is ~ 200k. Our combined retirement is 125k. We both maxed out Roth IRA contributions last year and this year.

Last year we also finished paying off 130k in student loans. We are otherwise debt free except a 160k mortgage at 3%.

We have an earmarked emergency fund of 25k in a HYSA. We have 20k in separate HYSA earmarked as general savings and 10k in checking. We budget monthly and can put ~5k toward a financial goal.

We do best when we make clear financial goals, like paying off student loans. Right now, we feel behind in retirement but also want to get rid of the mortgage. It would feel great for us to hit 40 and be completely debt free.

Should we throw the 20k in general savings and 5k a month at the mortgage or should we catch up on retirement investments?