Brown Cafe Financial Advisors

[CoffeeStainedUniform]

6.5% and $10000.

401k is at 40% or around $8000 a year. I am part time.
With my other job I make enough to pay down the debt just have not been disciplined.

With the market as high as it is just thinking putting some more toward the credit debt is the way to go.

10k isn't that much if you've got margin on top of the 40%. Get it paid off in 2 months and then stop being an idiot. You shouldn't owe for a boat or a credit card. Stop it, or you'll never get ahead.

 

[BrownFlush]

My financial advisor says spend every dime. And every month spend every nickel of the pension and social security.
If there isn't any in the fund next month for you, so what? Everybody goes down.
Live it up. I am.
New Motor Home.
Building a new house at the beach the first of the year.
New truck.

"Your money perishes with you." Acts 8:20 NKJ

 

[DriveInDriveOut]

"Your money perishes with you." Acts 8:20 NKJ

Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” (NKJV)

 

[BrownFlush]

Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” (NKJV)

I'm no good.

I can only hope a million dollar beach house will pass the test.

 

[UpstateNYUPSer(Ret)]

Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” (NKJV)

I already told mine that I intend to spend every last dime before I pass on.

 

[BadIdeaGuy]

I already told mine that I intend to spend every last dime before I pass on.

They told me they hope you spend it faster, then...

 

[DriveInDriveOut]

I already told mine that I intend to spend every last dime before I pass on.

Mkay.
I would expect nothing more.
Stay classy Dan.

 

[Jkloc420]

send it all into the trump campaign

 

[Pizza]

I know the best option is pay the debt down while maintaining current 401k rate.

I just have this gut feeling that the market is ready to slow. Thinking I could get a head start on the debt and have more funds available to get back in when prices are lower.

 

[zubenelgenubi]

I know the best option is pay the debt down while maintaining current 401k rate.

I just have this gut feeling that the market is ready to slow. Thinking I could get a head start on the debt and have more funds available to get back in when prices are lower.

I think you'll feel better not having the debt hanging over you than you would having a few thousand more in a retirement fund.

 

[IVE GOTTA PACKAGE 4U]

Mkay.
I would expect nothing more.
Stay classy Dan.

Like $112.34 is a big deal anyways

 

[Jones]

I know the best option is pay the debt down while maintaining current 401k rate.

I just have this gut feeling that the market is ready to slow. Thinking I could get a head start on the debt and have more funds available to get back in when prices are lower.

Depends on your timeline. If you're close to retirement then paying down debt might be the best option, but if you're more than 10 years out (some would say 5) you will get a better return by putting it in the market and leaving it there. Any downturn in the near term will be dwarfed by the gains you will make over the long term.

 

[IVE GOTTA PACKAGE 4U]

Depends on your timeline. If you're close to retirement then paying down debt might be the best option, but if you're more than 10 years out (some would say 5) you will get a better return by putting it in the market and leaving it there. Any downturn in the near term will be dwarfed by the gains you will make over the long term.

But it doesn't sound like he has an emergency fund either. Your debt has a guaranteed amount of interest your retirement plan does not

 

[UpstateNYUPSer(Ret)]

Depends on your timeline. If you're close to retirement then paying down debt might be the best option, but if you're more than 10 years out (some would say 5) you will get a better return by putting it in the market and leaving it there. Any downturn in the near term will be dwarfed by the gains you will make over the long term.

One of the best feelings is entering retirement debt free.

 

[What'dyabringmetoday???]

I already told mine that I intend to spend every last dime before I pass on.

That will take a while Daddy Warbucks. Lol.