Kic Posted February 1, 2010 Share Posted February 1, 2010 General Order of Priority: 1. Invest in 401k up to employer match 2. Pay off all credit card debt and never carry a balance going forward 3. Pay off other debts with interest rates above 8% 4. Invest in Roth IRA or regular IRA up to the yearly max 5. Invest in 401k up to the yearly limit or your maximum % 6. Pay off any remaining debts Note: Always have a liquid cash cushion of several months rent/mortgage payments in case of emergencies. You may invest some of this money in short-term US Treasury Bills or CDs when you are on step 4 or later. Any questions or suggestions? If you need advice, then which step are you on now? Link to post Share on other sites
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