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Should you pay off all of your debt before starting to save for retirement and your future. In this video, I do my best to answer this question. The truth is that in personal finance there is rarely a one size fits all answer. This is why financial education is the most important part of the equation.
Understanding the benefits of having no debt, of saving in an emergency fund, funding a Roth ira, taking advantage of your employer match inside your 401k plan. All of these things will play a role when making the decision to pay off debt or save and invest.
Watch as I run through a few different situations where it might make sense to invest before paying off all of your debt.
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To Becoming Great with Money,
Rich McCormack, CFP®
School of Personal Finance
