Skip to main content
No. of Recommendations: 1
Should I quit investing and instead focus on paying down the 11% loan? I have it down to < $15,000 already, so in
theory I could be rid of it in 4-5 years (rather than 14). Is this a more rational strategy than paying into my monthly

Does the answer change if we are talking Roth IRA instead of just monthly investment into an taxed indexed fund?

This is more of a personnal choice.

I see nothing wrong with what you are doing. I favor paying off debt but I would not pass up the ROTH investment. I might skip the other investment though. Have you thought about a Christmass job to get some extra money to put toward the loan?
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.