I can’t really find good analysis on this topic. Doesn’t it make sense in the long term to max tax advantages accounts before paying moderate debt (5-7%)? Of course credit card debt is completely different.
To me it seems to make sense for 401k to take the taxes off the top. For Roth if you take even a full year off to pay down moderate debt you’re losing so much in tax free growth vs putting 7k on moderate debt.
Can anyone share some insight?
To me it seems to make sense for 401k to take the taxes off the top. For Roth if you take even a full year off to pay down moderate debt you’re losing so much in tax free growth vs putting 7k on moderate debt.
Can anyone share some insight?
Statistics: Posted by PharmD2021 — Wed Nov 27, 2024 5:43 pm — Replies 4 — Views 221