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re: Pay off Debts or continue to Max Roths?

Posted on 8/8/19 at 6:58 pm to
Posted by Popths
Baton Rouge
Member since Aug 2016
3980 posts
Posted on 8/8/19 at 6:58 pm to
Pay off debt. I’ve saved more in my 50’s than I did the rest of my life because I was debt free.
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 8/8/19 at 7:40 pm to
quote:

Pay off debt. I’ve saved more in my 50’s than I did the rest of my life because I was debt free.


I’m all for paying of debt but when it is at the expense of investing tax free in a bull market, I’m not so sure it’s the thing to do. The time value of money is huge and the earlier you start saving makes all the difference in the world when you are ready for retirement.
Posted by castorinho
13623 posts
Member since Nov 2010
82063 posts
Posted on 8/8/19 at 8:01 pm to
quote:

I’ve saved more in my 50’s than I did the rest of my life because I was debt free.
time in the market matters
Posted by cgrand
HAMMOND
Member since Oct 2009
38946 posts
Posted on 8/9/19 at 1:32 pm to
quote:

Pay off debt. I’ve saved more in my 50’s than I did the rest of my life because I was debt free.


ditto
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