Posts Tagged ‘Investments’

Is it wrong to fund retirement and investments while I still have student loan debt?

Rob A asked:


I have student loan debt with pretty low interest rates (5% and 3% respectively). Is it better to put extra money toward paying off the student loans quicker or putting that extra money into an IRA and/or good mutual funds which would ideally earn a higher interest rates than the loans?

Colleen
 

What is compounding and why is it so important in decisions such as comparing investments, loans, debt payoff?

angel_rat_83 asked:


What is compounding and why is it so important in decisions such as comparing investments, loans, debt payoff order.

Florence