Pay Down Debt or Save for Retirement
The age-old dilemma: 'Pay off Debt or Save for Retirement?' In this video, we navigate through the considerations that can guide your decision-making process. We kick things off by evaluating the interest rate on your debt, emphasizing the value of paying down high-interest credit card debt for a guaranteed return. Moving on, we explore the impact of employer-sponsored retirement plans, highlighting the potential returns through employer matches and the advantages of pre-tax contributions. Imagine an immediate 50% return on a portion of your retirement savings! Join us for some food for thought on optimizing your hard-earned dollars.
