The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: A Roth IRA for my Student Loan Debt? Date:  4/11/1999  11:01 AM
Author:  TMFPixy Number:  9854 of 78166

Greetings, Tmcderm, and welcome. You wrote:

<<I owe $25,000 on my student loan that currently has a 7.5% interest rate. This rate can vary between 7.5-8.5% based on the 7/1 annual 91 day treasury bill. The loan is too old and my AGI is too high to get any interest deduction on my tax returns. I also max out my pretax 401k contributions at work.

So,...will the money I invest in a Roth IRA in the upcomi