Should I stop contributing to my ROTH 403b and use that amount to pay off my car ($7500 left) w/ 0% interest? I’m still contributing to my 403b pre-tax. Thank you!
I’m sure I’ll go against many popular opinions, but I think you should invest in your 403b up to any match, then go HAM on that car loan until it’s zero. When you have no car payment, make a decision to never borrow money for a car again, and ramp up that 403b. I think that is what will make you the most wealthy. Here’s a similar question with a more detailed breakdown on the reasoning:
And here’s a couple instagram posts about car loans:
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