u/Few-Sort-2206

Pretty sure I know the answer to this already but I have 2 loans outstanding, 40k each. One is my 401k loan at 8.5% but I’m essentially just paying myself back and the money I loaned out is still in my account actively investing in the market if that makes sense. I pay $512 every 2 weeks. I have 4 years left on the loan. The other loan is for my boat at 8% and that’s a 12 year loan. I pay 412 a month. Pretty sure the smart thing is pay off the boat loan but that leaves me less money each month. If i paid off the 401k loan I could put more money towards my boat loan every month or bump my 401k contribution back up.

Pretty sure I know the answer to this already but I have 2 loans outstanding, 40k each. One is my 401k loan at 8.5% but I’m essentially just paying myself back and the money I loaned out is still in my account actively investing in the market if that makes sense. I pay $512 every 2 weeks. I have 4 years left on the loan. The other loan is for my boat at 8% and that’s a 12 year loan. I pay 412 a month. Pretty sure the smart thing is pay off the boat loan but that leaves me less money each month. If i paid off the 401k loan I could put more money towards my boat loan every month or bump my 401k contribution back up.