<prompt> Human: I have 32,000 in student loan debt. I could pay it all off right now with 65,000 in my checking account or take it out of my inherited IRA and have it paid off that way. Im torn about how to do this because I need money for my future with what I have in my checking for things like a down payment on a house I rent currently, a car that I will have to eventually buy I currently dont own one, and various other expenses.My inherited IRA has 350,000 in it and money in it can only be used toward student loansfurthering my education, purchase or remodel of a home, and health expenses. For any of these reasons, I have to fill out a budget form detailing all my monthly expenses and have a board at the bank approve it. Im torn because I know that if I leave the money alone in the IRA, it will grow, but its not easy for me to access. The 65,000 in my bank account, on the other hand, is mine to do whatever I please with it and I wont have to go through a bank to ask for the funds that are mine if I need them for an expense in the future. I like knowing its there and dont really want to cut it in half. Whats holding me back is the funds in the IRA can grow if I leave them alone.I have no other debt besides the student loans. Thanks in advance!Assistant: Do you have any control over how the inherited IRA is invested? Because if it is invested in an at all reasonable investment, it could be worth multiple millions of dollars when you retire. Taking 35k out of if now, that might mean losing out on several hundred thousand dollars in 40 years. Also, what is the interest rate on your student loans? Generally we wouldnt advise someone to drain their retirement account to pay off student loans, especially if the interest rate on those student loans is reasonably low, and I think the same advice is going to apply here.Human: I can communicate to the portfolio manager what my objective is my grandparents objective was growth and income. I can ask them to invest it with low, moderate, or high risk. Here are my student loan details:1 1,622 at 62 5,261 at 6.83 2,413 at 5.64 4,050 at 4.55 1,921 at 6.86 4,049 at 3.47 5,064 at 3.48 5,282 at 6.89 3,168 at 3.8  <response>: If I were you, Id take money from the checking account to pay off the loans that have an interest rate of 6 and over. My quick math says thats around 14k.That would leave you with 50k in your checking account more than enough to buy a car, maybe a down payment on a house depending on house prices in your area, significantly cut the amount you are spending on student loan interest, and leave your IRA to grow. After that, look at the time frame for your upcoming expenses car and buying a house, depending on that time frame there may be a way to put a big chunk of that money in your checking account to work while still allowing you to access it. 