View Full Version : Invest in Roth or pay of credit card debt?


micknavy45
I have approx $4700 in CC debt at 6.9%, I will be receiving a tax refund of about $6000. Should I pay off that credit card debt...or put the $5000 max into my Roth IRA which is invested in an aggressive 80% stock-20% bond way?

George23
Your best bet is probably to pay off the credit card debt first.

bromoney
defintely pay off your credit card debt first. No point in carrying around debt with 6.9% interest around with you.