Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Roth or normal 401K
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Brownslave688" data-source="post: 1195121" data-attributes="member: 34439"><p>Rural of thumb is usually if you can get more on returns than what your interest rate is put the extra money into savings. </p><p></p><p>Example. You have a 5% mortgage. Your average yearly retirement return is 8%. It makes more sense to put your extra money into retirement because it will do more for you in the long run than paying off your mortgage. </p><p></p><p>All debt is not bad debt. If you lived a 100% debt free life for 50 years and then need a loan you might as well be an 18 year old fresh out of high school.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1195121, member: 34439"] Rural of thumb is usually if you can get more on returns than what your interest rate is put the extra money into savings. Example. You have a 5% mortgage. Your average yearly retirement return is 8%. It makes more sense to put your extra money into retirement because it will do more for you in the long run than paying off your mortgage. All debt is not bad debt. If you lived a 100% debt free life for 50 years and then need a loan you might as well be an 18 year old fresh out of high school. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Roth or normal 401K
Top