Repay Loan Faster or Contribute More Retirement?

[amogis]

Bring back Etoys Stock

 

[civilrobot PE etc etc]

The more I think about it, I’m starting to wonder if I’d actually be better off increasing my TSP contribution. Contributions are taken out pre-tax that would be $$$ I’m not paying taxes on. Even if I pay more towards the loan, I’d still be paying taxes on it before I send the payment.

This is what I would do. I'd choose a decent sized payment to make on the loan, but nothing too uncomfortable, and put my focus on maxing out my TSP.

 

[jeb6294]

The loan will be paid off after this next paycheck and then I'll bump up my TSP contribution a couple percent the check after that so all the spam-bots can stop reviving this thread now.