My auto loan has a low int rate so I'm increasing my 401(k) contribution

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Jan 9, 2020
12:01:57pm

Jeff Spicoli All-American

and putting money in a Roth IRA. My wife and I are behind in our retirement savings so we need to play catch up.

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Jeff Spicoli

Bio page: Jeff Spicoli
Joined: Feb 13, 2004
Last login: May 11, 2024
Total posts: 35,544 (198 FO)

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Messages

Author

Time

POLL: If you had no debt other than a auto loan, mortgage and had three months emergency savings where would you next start dumping your extra income

Tuskaloosa Cougar

1/9/20 11:55am

depends on the rates of the loans and whether or not I'm contributing to retirement already.

supertux

1/9/20 11:56am

Right now I am dumping my extra money into a savings account to pay for the new kitchen that has mushroomed into a whole

cheezedawg

1/9/20 11:56am

If your auto loan is high, pay that down. Otherwise, retirement baby.

ebv

1/9/20 11:57am

If you still have a car loan, a few of the things on that list don't seem to be

UNLVcougar

1/9/20 11:58am

BYU football could use some funding

letthewookieewin

1/9/20 11:59am

My auto loan has a low int rate so I'm increasing my 401(k) contribution

Jeff Spicoli

1/9/20 12:01pm

*409k

supertux

1/9/20 12:07pm

Pay off the car, then dump extra money into 3 areas:

cougarfan84

1/9/20 12:04pm

Have a 529 for kids that’s being invested for their college

Tuskaloosa Cougar

1/9/20 3:18pm

Other: Buy TNT a house.

squidmark

1/9/20 12:16pm

Much grass

TNT

1/9/20 12:17pm

Get out of debt, live on less than you make, have a goals to save/invest 40%+ of what you make.

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