- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Paying off car faster than normal monthly rates
Posted on 3/17/15 at 8:16 am to rpg37
Posted on 3/17/15 at 8:16 am to rpg37
quote:
Yeah, I was surprised my adviser suggested it, something about it being a depreciating item. But, I still max out the retirement accounts, so I am just pushing my savings in there. I agree, I am really only going to save maybe $500 total...
unless your hitting a fixed income status around the time this $1500 would accelerate payoff, I'd be looking at a new advisor
1
Posted on 3/17/15 at 2:29 pm to ItNeverRains
I agree with the payoff.
I hate debt.
I will take a guaranteed -(-3.4%) every day. To beat that in a short term investment, I have to make 3.4% + Short Term gains Tax % + investment advisor fees + MORE.
It sounds easy to do, but it is not.
I prefer to pay off ALL DEBT(unless it is free 0%) and then invest for the long haul.
I hate debt.
I will take a guaranteed -(-3.4%) every day. To beat that in a short term investment, I have to make 3.4% + Short Term gains Tax % + investment advisor fees + MORE.
It sounds easy to do, but it is not.
I prefer to pay off ALL DEBT(unless it is free 0%) and then invest for the long haul.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News