Now that I’ve decided
that I definitely want to max out my Roth IRA, I’m debating what order I should
pay it out. Should I pay the minimums on
my loans and put as much as possible into the IRA until it’s maxed out
(probably sometime in July) then reallocate the money from the IRA designation
to my loan? My other option would be to
spread the $5,500 over either 12 months (payment of $458/month).
I don’t know if the
interest accrued on the loan would be balanced out by the growth of my IRA in
that early 2014 time frame. I would need
to know exactly what I’m invested in and how my portfolio would do in that
time.
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