This post originally appeared on Money Cynic.
The message has been hammered home time and time again: save for retirement -- you – must -- save – for – retirement. And since the financial collapse, there has been a major shift in priorities among the so-called “mass affluent.” Retirement saving is now the top priority of 39% of Americans, followed by paying down debt (26%).
Wait, what? We’re placing a priority on saving for retirement over paying off debt? Won’t the financial experts say we’ve got it all wrong? Aren’t we supposed to pay off the debt -- and then start setting aside retirement savings?
The post Retire Debt or Save to Retire: The Answer May Not Be as Simple as You Expect appeared first on Money Cynic.