The challenge is calibrating your debt repayment to ensure it’s doing the most for your retirement plan. First pay down high-interest rate debt, and then move to a mix of debt repayment and investing when your debt interest rates are less than potential stock market returns.
Retiring with debt is often considered a cardinal financial sin: Every dollar you owe reduces your income in retirement, after all. But on the other hand, blindly prioritizing debt reduction before retirement savings, particularly for low-interest debt, could shortchange your nest egg. That's why