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As a senior in college, should I focus on investing into my Roth IRA, or save for my student loan debt?

I am only two semesters away from receiving a BBA in Finance. I'm having issues on whether to invest for my retirement, or save for my student loans.

Debt, Retirement, Investing, IRAs
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July 2018

In general, the decision to invest for retirement or pay down student loan debt depends in large part on how your loan terms compare to the returns that you assume the market will provide, based on your risk tolerance.  At the very least, most people will want to make the minimum loan payment to avoid additional loan costs.  On the investing side, the impact that compounding can have on an account makes any contribution (even, for example, $500) highly valuable.  As a result, any additional money that someone can save and divert to any investment account can help to make meaningful progress toward a retirement goal.

Feel free to contact me if you would like to discuss your specific circumstances.  Best wishes!

July 2018
July 2018
July 2018