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01-25-2009, 02:28 PM
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#1 |
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Registered User
Join Date: Jan 2009
Posts: 4
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Invest in Roth or pay of credit card debt?
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?
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01-26-2009, 08:06 PM
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#2 |
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Registered User
Join Date: Jun 2007
Posts: 16
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Your best bet is probably to pay off the credit card debt first.
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01-28-2009, 09:39 AM
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#3 |
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Registered User
Join Date: Jan 2009
Posts: 9
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defintely pay off your credit card debt first. No point in carrying around debt with 6.9% interest around with you.
__________________
My banks blog. |
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