How Roth IRA Conversions, 401(k) Withdrawals and Other Retirement Moves Affect Student Loan Payments
Retirement plan contributions, transfers, and withdrawals can raise or lower your monthly student loan payments on IBR, PAYE, and REPAYE.
Retirement plan contributions, transfers, and withdrawals can raise or lower your monthly student loan payments on IBR, PAYE, and REPAYE.
Putting money in a retirement account can mean lower student loan payments and more student loan forgiveness.
If you are a current college student, putting some money in a Roth IRA has some major advantages.
Emptying retirement accounts to pay off student loans usually means taxes and penalties, but these risks can be avoided in some cases.
The student loan tax bomb may or may not happen. My plan uses a Roth IRA to save for retirement and prepare for big tax bill.
Deciding between attacking student loans and investing in a Roth IRA usually comes down to interest rates and how much risk you can tolerate.