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[quote=Anonymous][quote=Anonymous]Simple. Pay off all debt first, then if you have a surplus, consider retirement vehicles. Does not make sense to save with borrowed money. Same if you buy a house and get a mortgage, pay off mortgage first, then save for retirement, else you're saving with borrowed money and paying interest on you retirement/savings account.[/quote] I am a big fan of paying off debt, but I think it depends on what interest rate you are getting. If you have very low fixed interest rate then it can make sense to save even while you have mortgage or student loans, not least for tax reasons.[/quote]
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