You understand the importance of paying off credit card debt, but you also know you need to save for retirement. While you should focus on both, paying off debt is critical to your financial independence. There are several strategies you can use to begin paying off your debt as you also begin to pay yourself in the form of retirement savings.
No matter what plan you decide is best for you, don't fall back into old habits as you have the previous balances paid off. Pay the full balance of all your credit card bills to keep up your good habits and help stay out of debt.
Remember that we are here to help. Don't hesitate to contact the office to talk about ways to manage debt while saving for retirement.
This material was developed and prepared by a third party for use by your Registered Representative. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. The content is developed from sources believed to be providing accurate information.
Pay Off Your Credit Cards
June 11, 2022