Posts by jakeyt

It all depends on how much I can reduce my student loan monthly payments by... The max contribution where my employer will match is around where I pay $200. Anyways, does it make sense to stretch out my student loans to 20-25 years, or...

No, I want to put $200 into the company's 401K plan where they'll match 2% of my paycheck. But I can't afford that and pay $400 in student loan fees. I do have enough to pay down the 7% interest to just pennies - I would keep open for...

Quote:Originally Posted by jakeyt Here is the link I am talking about https://www.fidelity.com/retirement-ira/ira/401k-rollover which says a 401k rolling over to an IRA. Maybe I misunderstand what this means? Not sure if Fidelity's...

I have some student loans that are above $30K. I wanted to reduce my monthly payment from $400 to something lower. The only program they offer is '"Extended Repayment" where I can pick between 2 to 4 years of just paying interest. What...

Quote:Originally Posted by norcaltransplant You can recharacterize a Roth. See for the above link. Your age, however, is the greatest benefit to contributing to a Roth Here is the link I am talking about...

Wow, I like this comment. Awesome answer. Thumbs up from me. I agree, the student loans with low interest make it worthwhile to sit. I was thinking about applying for a way to do an extended payment. Right now its too high at $400, but...

Fidelity apparently allows you to convert into a Roth IRA (or maybe its a regular IRA).

Does it make more sense to max out and try to put $17.5K into my 401k? I can, one day, roll it over into a Roth IRA? Won't everthing I put into a Roth IRA be post-taxed anyways, so aren't I getting taxed twice?

Do you recommend one fund or multiple funds?

Well, I haven't looked into a Roth IRA yet, just that my 401k seems to make sense (this will be my first 401k plan). My thought was to max it out. At the end, whatever is left, either go into a Roth, or roll it over if I leave the company.