Finance bees: DH and I are driving and we always get in a financial discussion. Our question--if we are able to this April, should we contribute to our Roth IRA (likely th last year we will be eligible) OR pay towards student loan with 6.5% interest rate? Which is the better financial decision in the long run?
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Roth for sure! Though there are (currently) ways to contribute even if you will be past the income limit.
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Roth. Our financial advisor recommended adding to retirement if our student loan interest rates were steady and below 7% if I remember correctly. Student loan debt was considered as good of a debt as you can get as long as monthly payments were reasonable for the income coming in.
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Roth for sure!
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Roth! Student debt is not bad debt, so to speak. We're about to start a new Roth next month!
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