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Which to Choose: Paying Off Debts, or Saving More For Retirement?
Which is better - entering retirement completely debt-free, or with a larger nest egg? Of course, achieving both would be the best possible scenario, but that’s probably not realistic for most retirees. So which is better? In this article by Ted Godbout appearing at the National Association of Plan Advisors website, the consensus from a recent survey found that a majority would prefer having a larger nest egg over being completely debt free in retirement. Of course, the percentages vary depending on demographics and survey timing, as discussed in the article, which can be accessed by clicking here.
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