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re: What to do with $6,400.00 that I wasn't expecting to have?
Posted on 1/12/17 at 11:37 am to Fat Bastard
Posted on 1/12/17 at 11:37 am to Fat Bastard
quote:
ok all BS aside. open a RIRA. put it in that. 5,500
the rest hold for emergency.
I'm leaning towards this or putting it all towards my truck note principle. But I'm trying to figure out which one would net me more money
2
Posted on 1/12/17 at 11:42 am to VermilionTiger
What is the interest rate on the truck?
Any credit card debt?
What is your age?
Sounds like you are young, if you are easily covering the note. I would put the 5500 max in Roth IRA and invest in low cost index funds.
Any credit card debt?
What is your age?
Sounds like you are young, if you are easily covering the note. I would put the 5500 max in Roth IRA and invest in low cost index funds.
Posted on 1/12/17 at 11:42 am to VermilionTiger
quote:
I'm leaning towards this or putting it all towards my truck note principle. But I'm trying to figure out which one would net me more money
look i am ALL FOR PAYING shite DOWN AND OFF however you are very young. you can pay shite off in 30's or 40s.
start putting away all u can for retirement! i started in my 20s. sounds like you already have the right mindset and a headstart. Milk that truck note low rate for awhile. maybe when your payoff is down to 10k or 5k u can finish it off if you want. if all u have is a 401k u need another investment vehicle preferably tax free.
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