Where should my $5,000 bonus go? - I’m looking for advice on whether or not I should put this money from my summer job into my Roth IRA or use it to pay down my car loan. The car loan is about a 6.5% rate for 72 months with a monthly payment of 315 dollars. I have zero contributions into my IRA this year as I am student and only put money in at various times when I have it. Thanks for any advice.Personal Finance
Where should my $5,000 bonus go? - I’m looking for advice on whether or not I should put this money from my summer job into my Roth IRA or use it to pay down my car loan. The car loan is about a 6.5% rate for 72 months with a monthly payment of 315 dollars. I have zero contributions into my IRA this year as I am student and only put money in at various times when I have it. Thanks for any advice.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...