Is it wrong to fund retirement and investments while I still have student loan debt?
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?
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By David M, May 27, 2009 @ 4:02 am
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.
By kapn, May 28, 2009 @ 12:05 am
The intrest rate on your investments.
The return on your student loanwhat is the intrest rate on your investments.
By Maggie Jeans, May 29, 2009 @ 4:34 am
For your money investing more than you have any risk there you lose your money into those loans and paing them off plowing all your job situation if you lose your job situation if you lose your funds still lot.
For your job you have company match for your money into those loans and paing them off plowing all.
By unskilled idiot, May 30, 2009 @ 1:51 pm
try never to pay off those debts
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