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Unless most of that is going to pay down a huge mortgage, pay for childcare, and pay off student loans?
by VirusNewbie 3y ago
Unless most of that is going to pay down a huge mortgage, pay for childcare, and pay off student loans?
- Kirby64 3y agoPaying off incurred debt is saving, especially if you pay it off early. If you retire without a mortgage but own a house, then you effectively have reduced your expenses by that much. The only thing to keep in mind is that debts like that contribute to negative net worth/retirement savings. If you have 200k in student loan debt, you have a -200k net worth (even if it costs ~250-300k to pay off due to interest...)