UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: Roth IRA vs. Mortgage pre-pay Date: 1/14/1998 3:19 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<...with an Equity Acceleration program... My program is approx $400 to get in.>>

Forget it. Here's how you can save $400: Every month, include an extra 1/12th of a payment.

From a pure financial viewpoint, this is stupid, though. The extra/early principal payments earn you 7% (or whatever your mortgage rate is). But if you invest it, you'll earn an average of 10.7% A much better thing is to put the extra payments into the market.

I didn't notice he answered your question, though. The best things to do, in order are:
1) Your deductible IRA (only if it is deductable, though).
2) Your 401(k), up to the employer match.
3) Your Roth IRA (if you can't do #1).
4) Your 401(k), up to the max.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.