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 Discussions
Top rate today 2/4
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="35years" data-source="post: 2633640" data-attributes="member: 60822"><p>It all depends on how you invest the 401k, what interest rate the student loans are at, and what tax rate he paying. Remember that you will eventually be paying uncle sam taxes on that 401k in retirement. The common advice is that you will be paying at a lower tax rate in retirement...Not always true if you have put aside a significant potion of your income and have a generous pension.</p><p></p><p>If he has unsubsidized student loans with relatively high interest rate he may be better off paying off the loans first, especially if he is risk-adverse in his 401k and has other substantial tax deductions..</p><p></p><p>If, on the other hand, he has low interest loans, a high tax rate, and assumes a reasonably aggressive investment mix in his 401k, he might be better off putting more in the 401k.</p><p></p><p>Bankrate has many tools and articles about personal finance. Here is one that fits your situation...</p><p><a href="http://www.bankrate.com/finance/savings/should-you-pay-debt-before-saving-1.aspx" target="_blank">Should You Pay Debt Before Saving? - Bankrate</a></p></blockquote><p></p>
[QUOTE="35years, post: 2633640, member: 60822"] It all depends on how you invest the 401k, what interest rate the student loans are at, and what tax rate he paying. Remember that you will eventually be paying uncle sam taxes on that 401k in retirement. The common advice is that you will be paying at a lower tax rate in retirement...Not always true if you have put aside a significant potion of your income and have a generous pension. If he has unsubsidized student loans with relatively high interest rate he may be better off paying off the loans first, especially if he is risk-adverse in his 401k and has other substantial tax deductions.. If, on the other hand, he has low interest loans, a high tax rate, and assumes a reasonably aggressive investment mix in his 401k, he might be better off putting more in the 401k. Bankrate has many tools and articles about personal finance. Here is one that fits your situation... [URL="http://www.bankrate.com/finance/savings/should-you-pay-debt-before-saving-1.aspx"]Should You Pay Debt Before Saving? - Bankrate[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Top rate today 2/4
Top