What is the best financial move to make with a large tax return?

Over the last 2 years, I received over $9,000 in tax refunds. This year, I expect the same. I am torn between paying off a $5,400 loan and saving the rest towards my emergency fund, which is only at 1-2 months of expenses. I am Active Duty and have great job security. The other option I have was to put 90% of my return into an ETF that pays monthly dividends, in hopes of gaining value and providing income to pay off the loan. What do you recommend?

Debt, ETFs, Taxes
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January 2017
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Paying off the loan is usually the way to go. You'll no longer be paying interest and you'll not have the worry of a loan hanging over your head. If there's any left over, I'd save it towards the emergency fund.

January 2017
January 2017
January 2017