Q: Pay Off Debt or Save for Retirement? A: Both - San Antonio Express-News: One of the biggest challenges to making smart money decisions is that many important goals compete for our limited dollars. That’s exactly the case for folks who want to save for retirement but also get out of debt.
There’s nothing like time — and lots of it — to turn your retirement savings into a much bigger pot of gold, thanks to investment returns compounding upon themselves. That means delaying retirement savings is a bad idea.