The government asked my parents to pay it back the covid relief check it got for "reasons". It's Israel.
There are two options to pay back the 14k USD. One is to pay it at once (they have the cash on hand) or stretch it to 17 monthly payments at 2% interest.
Given that 17 months is almost a year and a half, and annual returns on index funds range between 7 to 10% on average, would it be wise to opt for interest payments and invest the cash on hand in a mutual index fund?
Submitted December 07, 2021 at 01:50AM by BigBootyBear https://ift.tt/3DsE5It
