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Pay off car or invest in Roth IRA first?
Pay off car or invest in Roth IRA first? Info about me: 23 years old, just got a good new job and am starting to think about the future. I just opened a Roth IRA for the first time. Predicament: I owe $5500 on an auto loan at 6.25% interest. I can either pay off my loan or invest that money into a Roth IRA, before the April 15th deadline for 2024 contributions. I won’t be able to do b...
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