Tilted Forum Project Discussion Community - View Single Post - Investing in my Roth now or paying off student loans

essendoubleop · 04-02-2009, 03:54 PM

So I'm graduating from college in a few months and bracing for an influx of graduation money as well as taking home some bank by working a lot of hours over the summer. I was originally planning on paying off all of my student loans as soon as I could to avoid any interest building up, but with the Total Stock Index so inexpensive (the index where my Roth IRA invests into) I may be able to put the money into that and let the growth outpace the interest that could build up on my student loans (which have a fairly low interest rate). I was thinking about this when I heard another student talking about doing something similar. This may be even more enticing if the market continues to fall over the next half-year, but my decision will be made for me if the stock market starts to rise. I do think this is an opportunity to take advantage of the silver lining in the dark economic mess and invest now. What do you guys think?

04-02-2009, 03:54 PM	#1 (permalink)
essendoubleop Psycho	Investing in my Roth now or paying off student loans So I'm graduating from college in a few months and bracing for an influx of graduation money as well as taking home some bank by working a lot of hours over the summer. I was originally planning on paying off all of my student loans as soon as I could to avoid any interest building up, but with the Total Stock Index so inexpensive (the index where my Roth IRA invests into) I may be able to put the money into that and let the growth outpace the interest that could build up on my student loans (which have a fairly low interest rate). I was thinking about this when I heard another student talking about doing something similar. This may be even more enticing if the market continues to fall over the next half-year, but my decision will be made for me if the stock market starts to rise. I do think this is an opportunity to take advantage of the silver lining in the dark economic mess and invest now. What do you guys think?