No. of Recommendations: 0
So in spite of the pay off the plastic litany, I have heard so far, your saying (correct me if I'm wrong),
that by putting $2000 in an IRA for me and $2000 in an IRA for my wife I'll save the 38% in taxes on that money or $1520. while throwing the $4000 at the credit card debt would only save me, 18% of $4000, or $720
in interest on the debt. So I'm really saving $800
and ending up with two $2000 tax sheltered stock portfolios. where's the down side?(feel free to be condecending I think I'm learning something here)
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!
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.