Quote (AspenSniper @ Jun 28 2016 08:41am)
Today I burned through about $23,000.
$17k or so went to paying off the venue/food for the wedding, which was about 90% of the total cost.
I put $5500 into my Roth IRA today since the market took a downturn due to Brexit. Assuming it'll go up today, good time to do it.
Upped my mortgage payment by my principle amount. Isn't it crazy how a $1359 mortgage payment has only $360 of that total being principle? Meaning $1000 of my $1360 mortgage is essentially just poof money to interest tax and insurance. So I upped it by $360/month to pay it off in half the time.
Makes money in the long run, but right now I feel poor.
@ bold, does it make more than if you invest that in an index fund? maybe, maybe not. i understand it is all entirely personal preference - some prefer to be out of debt. At mortgage interest rates of 3.5-4% though over 30 years, you should be able to beat that in an index fund by a couple %
and i wouldnt really consider putting money into a retirement account spending it. and i put my contribution for 2016 in feb.
Quote (RzChaos @ Jun 28 2016 06:31pm)
Do you do 100% Roth? I've been rotating each year between Traditional and Roth
i always contribute to both my roth ira and my 401k. So if you dont have a 401k through work, use both if you can. if you have a 401k, be sure to at least maximize employer match for 401k contributions
This post was edited by cialda on Jun 28 2016 06:07pm