<prompt> Human: Currently in grad school so no employee matched retirement accounts. Took out loan for education, but wife is thankfully covering living expenses. I have a savings account with around 10k. Already have emergency account funded and put away. I know that the sooner I start retirement account the better but I also want to save for a downpayment on a house within five years or so. My question is: do I put all of the 10k into an IRA or split it among an IRA and savings account for a house? Or do I just save it all to pay off school debt? TL;DR 10k in savings: retirement, house, student debt, or all three? Edit: thank you all for the input. For those that didnt see, loan rate is at 5.3. TIL: compounding interest is awesome, but it works for the lenders too.  <response>: Pay your student loan debt. 