Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8174  
Subject: Re: Investment Vs. Debt Repayment Date: 1/31/2014 2:42 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
My company also offers 401k which I plan on front loading to maximum matched contribution and then not adding to it untill the next year.

Does your company offer any sort of match on your 401k contributions? If so, check to see how they do the match. I have worked at companies where it didn't matter when you contributed, but they would match quarterly up to their maximum contribution. But now I'm working some place where they will match a set percentage, but on every paycheck, so if I were to front-load my contributions as I did on the previous job, I would lose all the company match for any paycheck where I did not have a contribution. That is something you will want to check.

should I get into investing at all now or should I wait untill my loans are gone?

If you have enough money to cover all your expenses including your loan payments, then I would put money into investments from now as you have time on your side. Make sure, though, that you are also building your emergency fund to cover at least 3-6 months of your expenses, and keep that in cash somewhere, even though it will not earn much in the way of returns. In case of an emergency such as losing your job, you will not want to have to sell into a potentially down market to use your investments.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
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."
Post of the Day:
Value Hounds

Netflix Riles Investors
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.
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.
Advertisement