Andy's Two Cents

Notes and thoughts from our director.

5. Is it better to pay off debt or invest for retirement?

Answer:
Ideally, do both — but prioritize based on interest rates:

  • If your debt interest (like credit cards) is high (>7%), pay that off first.
  • If your debt is low-interest (like federal student loans), you might be better off investing, especially if you get employer-matching 401(k) contributions or you take a nice tax deduction by contributing to your business’s SEP IRA.

Wondering if our investment approach is right for you? Give us a call. We’d be happy to sit down over lunch and discuss our services in more detail.
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