I have 31K in student loans and 37K in Auto loans with the following rates: Undergrad Loans: 4K [[[@](/user/)](/user/)](/user/) 6.8% + 10K [[[@](/user/)](/user/)](/user/) <4% Grad Loans: 17K [[[@](/user/)](/user/)](/user/) 7.05% Car Loan 37K [[[@](/user/)](/user/)](/user/) 5.92%
Should I put 7K towards 2023 Roth IRA contributions or pay down some of the debt? My household income will likely have me outside of being able to contribute to Roth IRA in the future, which is why I was thinking of contributing there and continuing to pay above the minimum amount for the loans going forward.
What would you do?
original posted by whataquant to r/personalfinance on Mon, 04 Mar 2024 19:13:45 GMT.