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re: Pay off Debts or continue to Max Roths?

Posted on 8/8/19 at 9:10 pm to
Posted by 632627
LA
Member since Dec 2011
12807 posts
Posted on 8/8/19 at 9:10 pm to
I think the interest rates are low enough that you should max the Roth rather than pay down the debts. Certainly don’t pay off the car loan at such a cheap rate.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 8/8/19 at 9:15 pm to
max the roth for sure, but on the surface it seems as if there might be a couple things to do to maximize your long term financial goals. In otherwords do you have equity in your investment home if so refinance it since it is paying for itself. Take that equity and put it to work. You could go with something conservative and fixed like preferred stock. Then take those monthly dividends to pay off non-investment property or reinvest it in something else.
This post was edited on 8/8/19 at 9:23 pm
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