Can you use a SEP-IRA to pay off student loans?
My employer deposits my profit sharing into a SEP-IRA. I was wondering if it’s possible to use some of the funds to pay off existing student loans? If it is possible, does anyone know if there will be any penalties or taxes due?
I need help with amortization of loans!!!?
Andrea, a self-employed individual, wishes to accumulate a retirement fund of $300,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 6.5%/year compounded monthly, to reach her goal upon retirement 35 yr from now? (Round your answer to the nearest cent.)
Should I pay off school loans with a 7.25 interest rate with all the money I have in my Roth IRA’s?
I’m 26, going back to college but almost done. I am going to end up with about $20,000 in debt when I graduate with Bachelors. Should I pay off some of this school loan debt with all the money I have in my Roth IRA?