retirement: Retirement: Should You Save/Invest or Pay Down Debt?
- 12/19/15 02:58 AM
When one enters retirement, they often are faced with a very important choice. Should you save money/invest or should you pay down debt? This questions is really individual based so we will take a look at what makes the most sense from a financial perspective. Recently, an article on MarketWatch shows that the average household family in America has over $120,000.00+ in debt. What is more interesting is the average interest rate because they peg the number at $6,600.00 per year in interest! That is $550.00 per month just in sheer interest. Not touching any principal whatsoever. For those on a fixed income, this … (4 comments)
When one enters retirement, they often are faced with a very important choice. Should you save money/invest or should you pay down debt? This questions is really individual based so we will take a look at what makes the most sense from a financial perspective. 
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