No. of 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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.