Comments on: Parenting Mistake #1 :: Ignoring Their Retirement http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/ Debt free, financially independent and retired early Sun, 07 Sep 2008 04:25:07 +0000 http://wordpress.org/?v=2.6.1 By: MMore Merchant http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-7074 MMore Merchant Sun, 24 Jun 2007 05:34:54 +0000 http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-7074 What!?? I had kids as my retirement plan. :) What!?? I had kids as my retirement plan. :)

]]> By: mnc http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-6409 mnc Tue, 12 Jun 2007 15:05:58 +0000 http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-6409 Thanks Derrich! When I graduated college, I had about $18k in student loans and kept on the standard payment plan almost to the end because the interest rate was so low. With discounts for things like timely payments and auto-debiting the payment, my interest rate had dropped to about 2%. At that point, it was more advantageous to keep the funds in savings than to pay off the balance. Although I eventually paid off the final amount to rid myself of my last non-mortgage debt even though I still had a little over a year of scheduled payments. Looking forward to your post! Thanks Derrich! When I graduated college, I had about $18k in student loans and kept on the standard payment plan almost to the end because the interest rate was so low.

With discounts for things like timely payments and auto-debiting the payment, my interest rate had dropped to about 2%. At that point, it was more advantageous to keep the funds in savings than to pay off the balance.

Although I eventually paid off the final amount to rid myself of my last non-mortgage debt even though I still had a little over a year of scheduled payments.

Looking forward to your post!

]]> By: Derrich http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-6405 Derrich Tue, 12 Jun 2007 14:14:57 +0000 http://www.mynewchoice.com/2007/06/11/parenting-mistake-1-ignoring-their-retirement/#comment-6405 I'm writing about this very thing (only a portion related to your post)...and it's so true. Borrowing for college is cheaper than borrowing for just about anything else. Great post! I’m writing about this very thing (only a portion related to your post)…and it’s so true. Borrowing for college is cheaper than borrowing for just about anything else. Great post!

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