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Getting Personal: Paying off your mortgage, funding retirement
Getting Personal
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This week: Should you get a loan to fund your retirement, is paying off a home early a good idea and what's a good time to buy?
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In your advice to the graduate student who wanted to take out a student loan to put into his IRA, you neglected to mention that, at least with respect to federal student loans, this may be illegal! My recollection is that federal student loans are intended for tuition and other school related expenses, not stereos, cars, or retirement. Fraud avoidance is generally good advice.
