SEARCH
Monday November 23, 2009 4:28 AM ET
SmartMoney
Comments

Story Comments

RSS RSS | Join the SmartMoney Twitter Community
Wedding Cash, College Savings, Term Life Insurance
Should my fiancee and I save for a down payment on a house or pay off our debt?
 
You must be registered to use comments. Please login
User Comments
Posted 8:45 AM EST March 07, 2008
Posted by: DKP50
Wedding $? Sorry Dear> It's Obvious your Young Age is at play here and Like Most Women, You like to Buy too much! LOL..Eg; If you pay off the CC, you can Buy More later trick with it! BUT, If BUY THE HOME INSTEAD.... Vs you pay off the CC debt? Your just going to Run them back up again and what will you have? = A big fat Gooseegg /'0' to show for that Money..And the CC debt will help deter you from charging More..Now you Know why Men are better at Financing...:P LOL
Posted 4:11 PM EST January 15, 2007
Posted by: JB0825
Instead of a 529 I set up a Roth IRA in my name earmarked as the child's ed fund. Reasons: 1. 529s limited to a few mutual funds. Roth in high yield stocks with auto div reinvestment. 2. MF fees kill 529 returns. 3. 75% of MF's trail S&P. 4. 529 funds count against the child when computing financial aid. 5. If grandchild skips college, Roth goes to another child or other purpose. 6. If Roth is not used for ed, no penalties. 7. If I die, Roth goes into my estate designated for the child.
Advertisements
Free stock symbol lookup: Scottrade stock research
Ally Bank offers top rates and no sneaky disclaimers. FDIC insured.
Economy Survey Corp International Country Reports
CDs and High Yield Savings Accounts from American Express
MFS®. We make the funds. You make the choice®.
Find helpful answers to important financial questions findtheanswers.com
Switch to thinkorswim and get a $100 ACAT rebate
Join to TD AMERITRADE and trade free for 30 days + get $100.
Keep your retirement goals in reach with help from Merrill Lynch
Get a Free Blackberry Smartphone at E*TRADE Securities
Try the MetLife® Variable Annuities Simplified Tool
Thinking about a Roth conversion? Schwab can help you decide.
SmartMoney Magazine - A smart investment. Subscribe for only $1 an issue.
Practice No Risk Trading at optionsXpress
Free stock symbol lookup: Scottrade stock research