What happens with a 10 year loan payoff if you cant work 10 more years? I would also look at putting money into your own IRA. That would give you a tax break now, and if you need the money you can alway's take some out when your 59.5 can't you. I don't know how IRA's work if your still working, so you would need to check that out. It may be a good place to put some of your emergency fund.