MBAVisionary
Recycles dryer sheets
Quick snapshot:
31 years old
$19k in student loans @ 4.25% - want this paid off by August 2016
$14.5k car loans @ 0%
8k 401k
2252 - Roth IRA
$1463 credit card debt
I just got a bonus check direct deposited into my account. Also payday is 4/15. I have a 0 balance $1000 line of credit that I could pull from and pay back tomorrow between my paycheck and another check I have. Would probably pay pennies in interest for the time it actually has a balance.
Is it dumb to focus on putting more money in my Roth at the last possible minute for Tax Year 2014? Or should I continue doing my debt snowball and just focus on maximizing it in the future. I have less than $1k in emergency fund money set aside right now.
In 34 years when I plan to retire that $1k today will be worth $7,652 assuming a 6% average rate of return. All the interest tax free. Not factoring risk into the equation though. What should I do?
Most of my Roth IRA is in a betterment account 90 % stocks / 10% bonds. Quite frankly it's way underfunded for my age. Advice welcome!
31 years old
$19k in student loans @ 4.25% - want this paid off by August 2016
$14.5k car loans @ 0%
8k 401k
2252 - Roth IRA
$1463 credit card debt
I just got a bonus check direct deposited into my account. Also payday is 4/15. I have a 0 balance $1000 line of credit that I could pull from and pay back tomorrow between my paycheck and another check I have. Would probably pay pennies in interest for the time it actually has a balance.
Is it dumb to focus on putting more money in my Roth at the last possible minute for Tax Year 2014? Or should I continue doing my debt snowball and just focus on maximizing it in the future. I have less than $1k in emergency fund money set aside right now.
In 34 years when I plan to retire that $1k today will be worth $7,652 assuming a 6% average rate of return. All the interest tax free. Not factoring risk into the equation though. What should I do?
Most of my Roth IRA is in a betterment account 90 % stocks / 10% bonds. Quite frankly it's way underfunded for my age. Advice welcome!