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Author: LMVasquez Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124147  
Subject: Re: Advantages of Paying Debt vs. Maxing Retirem Date: 11/28/2003 9:32 AM
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Thanks Marc - this does help.

The hardest part for me is that I typically feel very comfortable with risk and feel I have to force myself to take a more conservative approach given my 3-5 year life change plan.

Fortunately, I was given a couple of links to some financial calculators to figure out the costs/savings of pre-paying some of my tax-dedcutible debt (especially current student loans) vs. maxing my pre-tax retirement fund.

And from what I calculated, eventhough I will have to pay more in taxes when reducing my pre-tax retirement contribution, it will still leave me with thousands more than I currently have to allocate to my existing student loans and allow me to pay off the loan within 5 years instead of 15+.
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