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Chris W. Rea
Chris W. Rea
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Investing in a roth iraRoth IRA with a Personal Loan?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan.? So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year rolesrolls around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

Investing in a roth ira with a Personal Loan?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan. So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year roles around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

Investing in a Roth IRA with a Personal Loan?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan? So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year rolls around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

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D Stanley
D Stanley
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Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan. So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year roles around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each yearHypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contributionHypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan. So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year roles around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan. So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year roles around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?

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donkeykong213
donkeykong213
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Investing in a roth ira with a Personal Loan?

Okay this might be a dumb question but here it goes.

Does it at all make sense to invest in a Roth IRA contributing the max by taking out a loan. So say I take out a $6k loan at the beginning of the year each January, then I pay it back throughout the year. Until the next year roles around then I do the same thing by having the loan length be only 1 year.

Hypothetical 5 Year 6k contribution each year

Hypothetical 5 year 500$ a month contribution

I would still have to take into consideration on how much of % the loan would be and subtract it, but by my calculations it looks like the 6k each year would be better in the long run. I believe I am missing something or have not thought it all through. What am I missing?