<prompt> Human: I just received about 50,000 from an inheritance and Im not sure where that money is most useful. My mentality since graduating about a year and a half ago has been to max out my student loan repayments each month. I would like to have this loan completely payed off in 7-10 years.My loans started at about 464,000 at 6.4 on average. I started with paying off the highest interest loans which were up in the 8 range.I am currently at about 390,000 at 5.1. Theres still a huge chunk of the loan left, but the difference in interest is a big change.Recently, a family member had offered to fully pay off my loans for me for 3 interest in return. I definitely appreciate how much this is going to help in the long run, but in the end, I still owe 390,000.Between my wife and I, we are making combined 180,000 per year which will be steadily increasing. We have completely neglected any retirement funds or any form of saving. We have an emergency savings of 20,000, and live the same way the we did when in college. Im still driving my 2005 toyota 4 runner, and our home payments are extremely low for living inside of the city.We will plan on moving into Washington, DC in about 2.5 years and I expect our housing expenses to significantly increase.Tl;dr: I have 390,000 in loans at 3 interest, income is 180,000yr, and we are completely neglecting retirement at the moment. Should I be putting this 50,000 inheritance into a low risk stock portfolio in preparation of our increased housing expenses, should I place this inheritance towards my student loans, or should I place this inheritance into some form of retirement savings?UPDATE: Thank you everyone for all of the advice, we are truly overwhelmed. The lent money from my FIL has already been given and we put together a legitimate contact. As far is his risk goes, I have a 3M life insurance policy where he would recoup his money if something were to happen to the both of us. I didnt make him the full beneficiary as well as every other type of insurance you could possibly have The loans are from a private dental school Income based repayment sound enticing and actually wont work for me, but I wont get into that. I work in DC and have to commute for far to get there, and Im definitely not switching jobs. Believe it or not, this is about a normal amount of debt for someone who isnt receiving help from their family while in dental school. There really isnt an option to work, unless you dont want your sanity. There are students who rack up another 100k from undergraduate programs, and then go on to specialize which costs another 200k. On the bright side there are orthodontist, periodontists, and prosthodontists with 750,000 in school loans. Assistant: Could I just ask how it is you have racked up such a large student loan debt?Human: Dental school, the most expensive of them all  <response>: Jesus, thank you for going into a profession that many would squirm at. But man they really need to cut that cost a hell of a lot. Thats not even tuition at that point, its just like giving years of your life away to rich people at a university. 