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re: So do I fund my IRA and my wife's Roth or pay off debt?

Posted on 3/6/09 at 2:38 pm to
Posted by Cash
Vail
Member since Feb 2005
37307 posts
Posted on 3/6/09 at 2:38 pm to
I'd pay off the debt. Take what is left plus however much from your emergency fund needed to max out you and your wifes Roth. Unless there is some reason you need a $75k emergency fund such as an expected job lose or a kid/spouse that has a medical condition.

$75k is a pretty stout emergency fund for most people.
Posted by BurnKDoeBurn
The Mother-In-Law Lounge
Member since Feb 2009
703 posts
Posted on 3/7/09 at 1:27 am to
quote:

Unless there is some reason you need a $75k emergency fund


unexpected gambling debts?

seriously, who needs that much spare cash? Do you have kids that sell drugs or something?
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