Retirement Savings or Student Loan – A long-standing Dilemma

An investor in his late twenties or thirties has long been troubled by the dilemma that whether he should opt for paying down his student loan debts or focus solely on retirement savings. This is undoubtedly not an easy decision and it is the ultimate objective of one’s life that should decide on what he/she should choose. The decision becomes easier when you take into account the following points:

The 401(k) employer-matching programs –Maximize the amount of your 401(k) in accordance to your employer’s willingness to match up. This contribution to your savings will offer you instant and complete return on your investment.

Check and compare the Interest Rates and ROI – As you swing between the payment of your student loan debt and investment, just compare the interest rate on your debt with your expected Return on Investment. If the interest rate on the loan is higher, there is no point in paying off your debt.

What are your emotions on ‘debt’ – There are people who cannot stand the thought of being in debt. If you are one of them, ease off your burden.

Consider paying yourself first – It’s obvious that whatever savings you make, belongs to you. You can pay the minimums of your student loan debt for a certain number of years and you will have your retirement savings intact; just because you’ve paid yourself first!

Written by srini on September 7th, 2009 with no comments.
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The Pinnacle Technical Resources was born with the entrepreneurship of Nina Vaca

Nina Vaca arrived at Los Angeles at the age of two as an immigrant from Quito, Equador. The goal of her family was to build up a business where all their children will not find it difficult to participate. Vaca observes today that her father had once stated, ‘the key to American dream is through entrepreneurship’. But perhaps Mr. Hernan Alfredo Vaca did not imagine that his daughter would evolve as a fantastic entrepreneur just at the age of thirty-five. Nina Vaca’s Pinnacle Technical Resources is an information technology business that had a reported turnover of $60 million in 2006.

After arriving at America, Alfredo started a travel agency and planned to have five chains of the same for his five kids. The children were required to take a bus downtown in order to witness the progress and working of the family business. After Nina’s graduation, Alfredo got killed in a robbery and decided to put the company for sale while she did her major in business from the Texas State University.

She discovered her ‘talent for attracting clients’ while she was working with a technology company in New York and Dallas. At 25, she opened Pinnacle and began recruiting IT talent for companies that required aid to administer their computer systems. She had found out a way on how to become a millionaire.

Written by srini on September 7th, 2009 with no comments.
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