Quote:
Originally Posted by OneSickPsycho
Cap, you're pretty smart about money, but I can't help wondering... Have you done the math to see if it would make sense to use that money to pay off your debt, then combine what you are paying onto the debt and what you are contributing to your retirement to rebuild the IRA's? I'd have to imagine you are paying more in interest on your debt than you are making through the IRA's...
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That's what I was thinking. Depending what kind of debt it is. I'm assuming it's credit card... anything over 10% and it should get paid down rather than putting that money away. That's what I did a few years ago, and the only debt my husband and I have are our house, car and truck. The house is at 4.75% - car and truck at .04%