Pay Down Debt or Increase Savings
A friend of mine who is early in his career recently told me that he had finally paid off his car. He wanted to know whether he should use his newly available cash flow to pay down other outstanding debt or use the funds to increase his retirement savings. This is a good question. In […]
Post #4 – Retirement Savings and the Cost of Waiting
Although asset returns are certainly important to reaching your financial goals, your level of savings will be the single largest determinant of how much and how fast you accumulate wealth. And in the early years your savings rate has the biggest impact because your savings have more time to compound to reach your retirement asset goal. Most […]
