Is it wrong to fund retirement and investments while I still have student loan debt?
on atPosted In: Student Loan Debt
Rob A asked:
I have student loan debt with pretty low interest rates (5% and 3% respectively). Is it better to put extra money toward paying off the student loans quicker or putting that extra money into an IRA and/or good mutual funds which would ideally earn a higher interest rates than the loans?
Todays Shopping Emporium Deals
I have student loan debt with pretty low interest rates (5% and 3% respectively). Is it better to put extra money toward paying off the student loans quicker or putting that extra money into an IRA and/or good mutual funds which would ideally earn a higher interest rates than the loans?
Todays Shopping Emporium Deals
Lots of CHEAP online discounts
If your student loan rate is low enough (and yours is) this is a good idea. Even better if you sign up for a 401K with a match by your employer.
Cheap Kayaking Travel
Depends………what is the intrest rate on your student loan….what is the return on your investments….
Add a cheap water fountain to your home or garden
Sounds like you can make money investing – more than you are paying out – espcially if you have a company match for your funds.
Still, a lot depends on your job situation. If you have any risk there, you may be better off plowing all your money into those loans and paing them off. That way if you lose your job, you don’t worry about the debts.
Help for wage garnishment issues
try never to pay off those debts
Fun Kayak Tours
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate. I came across this company on NBC News Special Edition.Check it out here: