Pay off debt or invest in an Roth IRA? | Roth Ira

September 24, 2011 ? Consultant ?

I?ve got $9000 car loan with a 6.65 % interest rate and a student loan of $6000 with a 6.875 % interest rate. Currently I am investing in my 401k at work but want to quit with that and invest in a Roth IRA since the market is so low right now and I don?t know how much longer I?ll be able to invest in a Roth IRA. Should I quit investing in 401k and hold off on Roth IRA and pay off loans first or try to invest and pay off loans simultaneously?

Source: http://rothira.soluti-ons.com/roth-ira/pay-off-debt-or-invest-in-an-roth-ira/

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