Author Topic: What is the smart thing to do in this situation?  (Read 1895 times)

surfhb

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What is the smart thing to do in this situation?
« on: March 27, 2015, 11:07:15 AM »
Hello

Next month will be the time to max out my ROTH for the previous year.    I also have a small 401k loan from years ago slowly being paid off at %4

Put the money in the ROTH or pay off the loan?    The loan will be paid off in the next few months regardless.

matchewed

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Re: What is the smart thing to do in this situation?
« Reply #1 on: March 27, 2015, 11:15:21 AM »
I think it's pretty tomato tomato at this point. What the market does during the next few months is going to be pretty irrelevant and will be a blip or background noise to your general financial health in the future. Pick whatever works for you.

tdogz

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Re: What is the smart thing to do in this situation?
« Reply #2 on: March 27, 2015, 11:30:28 AM »
I'd put the money in the 2014 Roth. Once April 15th passes, you'll lose that tax-advantaged space forever.

MDM

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Re: What is the smart thing to do in this situation?
« Reply #3 on: March 27, 2015, 11:48:05 AM »
I'd put the money in the 2014 Roth. Once April 15th passes, you'll lose that tax-advantaged space forever.
+1, especially given the imminent loan payoff.

forummm

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Re: What is the smart thing to do in this situation?
« Reply #4 on: March 27, 2015, 11:53:49 AM »
I'd put the money in the 2014 Roth. Once April 15th passes, you'll lose that tax-advantaged space forever.
+1, especially given the imminent loan payoff.
+2