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Until late in 2012, I came out ahead far more by paying down my graduate student loan debt than I did by contributing to my 401(k). However, that is because my
by rprasad 14y ago
Until late in 2012, I came out ahead far more by paying down my graduate student loan debt than I did by contributing to my 401(k). However, that is because my graduate student loans are statutorily fixed at 6.5% or higher, whereas market returns have been close to zero or negative.
- muzz 14y agoMarket returns have been volatile. S&P 500 for the past few years [1]: 2012 16.00% 2011 2.05% 2010 15.06% 2009 26.46% 2008 −37.00% 2007 5.49% 2006 15.79% [1] http://en.wikipedia.org/wiki/S%26P_500#Total_annual_returns_.28b.29 http://en.wikipedia.org/wiki/S%26P_500#Total_annual_returns_...
- rprasad 14y agoYep, missing a word in my original comment... my net market returns were close to zero or negative until late 2012.