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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > When you play the game of loans, you win or you die.
 
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Veskit
Mar 2, 2005

I love capitalism!! DM me for the best investing advice!

oRenj9 posted:


[*] Reduce 401k contributions to your employee match. If they don't match; don't contribute, you can get better returns by eliminating debt.



Can you explain this part out? Isn't it safe to assume at least 7% on returns at a young age in regards to an aggressive 401k plan?

* # ¿ Apr 28, 2014 16:27
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# ¿ May 9, 2024 22:29
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Veskit
Mar 2, 2005

I love capitalism!! DM me for the best investing advice!

slap me silly posted:

You also have to consider the large difference in risk. Eliminating debt is guaranteed, getting 7% returns on your 401k is not.

Got it. So what is the recommended APR on a student loan where you start prioritizing funding your retirement accounts over paying off the debt on a loan? Is there a reasonable number or does it come down to comfort levels at a certain point? I can understand trying to pay off the fed loans immediately, but does he slow down retirement for the 5% APR loan too?

* # ¿ Apr 28, 2014 17:37
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Veskit
Mar 2, 2005

I love capitalism!! DM me for the best investing advice!
Well I guess he died? Or is he in debtors jail?

* # ¿ Aug 6, 2014 03:58
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > When you play the game of loans, you win or you die.