Comments on: Given $10,000 and Four Choices, What Would I Do? http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/ Talking about money, without being boring. Fri, 05 Dec 2008 02:12:03 +0000 http://wordpress.org/?v=2.6.5 By: martman http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-68409 martman Wed, 15 Oct 2008 17:36:43 +0000 http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-68409 Great posts you have here. I am starting my own website with financial advice on home mortgage refinancing. Perhaps you could visit my site and tell me what you think. http://home---refinancing.blogspot.com Great posts you have here. I am starting my own website with financial advice on home mortgage refinancing. Perhaps you could visit my site and tell me what you think. http://home—refinancing.blogspot.com

]]> By: clint http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-21934 clint Sun, 04 Nov 2007 05:04:43 +0000 http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-21934 I think I would pay off debt. If I could pay down some debt I could have money later to pay into retirement. I think I would pay off debt. If I could pay down some debt I could have money later to pay into retirement.

]]> By: michelle http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-15900 michelle Thu, 30 Aug 2007 17:47:29 +0000 http://poorerthanyou.com/2007/01/23/given-10000-and-four-choices-what-would-i-do/#comment-15900 I recently discovered your site - it's a great resource! I know I'm commenting on an older post, so I'm not sure if you've addressed this topic again. My personal answer to the question is 1. Retirement. My reasons - I already have a house, kids can get student loans and other help, and my student loan is almost paid off. But if it wasn't almost paid off, I'd still pick retirement because student loan interest reduces your taxable income (you pay less tax!) AND if you really are low income, you can get a tax break just for saving for retirement (pay even less tax!). And on a psychological level, it just feels easier to fund retirement with free money. But I'm just talking for me. I recently discovered your site - it’s a great resource! I know I’m commenting on an older post, so I’m not sure if you’ve addressed this topic again.

My personal answer to the question is 1. Retirement.

My reasons - I already have a house, kids can get student loans and other help, and my student loan is almost paid off.

But if it wasn’t almost paid off, I’d still pick retirement because student loan interest reduces your taxable income (you pay less tax!) AND if you really are low income, you can get a tax break just for saving for retirement (pay even less tax!).

And on a psychological level, it just feels easier to fund retirement with free money. But I’m just talking for me.

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