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Author: yosandiego One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76103  
Subject: Re: Thinking about retirement...plans Date: 1/31/2004 7:16 PM
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I'm a recent grad too and am also trying to get my retirement investing figured out so I don't have any advice on that front that the others have not already given you.

The one piece of advice I do have relates to your student loans. You said that you were going to consolidate "once the deferment period is up (probably with direct loans)." You should make sure to consolidate before the end of your deferment period. The interest rate goes up immediately at the end of your "in school grace period" and if you consolidate during the grace period you will actually get to do so at a lower interest rate. With many of the major lenders you can actually set-up the consolidation long before the end of the grace period, but not have it actually kick in until right before your grace period would end (that way you don't have to start making payments early). The interest rates are at their lowest rates in something like 40 years right now (2.8 during grace period) so take advantage and lock in the rate before July when the Fed has a chance to set new rates.
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