Should You Pay Off Debt or Save For Retirement?

Rick Orford
6 min readJan 19, 2021

Are you in a situation and wonder whether to pay off debt or save for retirement? If so, this article is for you. Being able to retire means having enough passive income to cover your monthly expenses. Since debt payments eat into your monthly surplus, paying off debt is as essential as saving for retirement. However, striking a balance between paying off the debt and saving is like walking a tightrope.

--

--

Rick Orford

Rick’s passion is personal finance, and works tirelessly to deliver content in an easy-to-understand manner. He is an author, investor, mentor.