Sentences with phrase «repayment over retirement»

Not exact matches

Money that's left over after you've met all your necessary obligations, built up your emergency savings, and obtained your entire employer match can be funneled into debt repayment, if you still have any left, or used to boost your retirement savings.

«I usually encourage those who have pensions to have a slight bias towards debt repayment over investing, since the pension accrual amounts to retirement savings.

By putting your retirement savings toward debt repayment, you will have to start saving for retirement all over again with less time and money to do so.

It was written in response to another CIBC poll that found 72 per cent of Canadians prefer debt repayment over saving for retirement.

There's just one problem: the person who takes out the loan is the one responsible for repayment, and that can leave many parents struggling as they near retirement and their children are unable — or unwilling — to take over the payments on those loans.

Given what I think is going to be an exploding retirement crisis I am now more convinced that for those near or over 50 with little to no retirement savings an extended repayment plan like credit counseling sets them up for a potential disaster when they hit retirement age.