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A recent article from Michelle Singletary, published by the Washington Post, says you should pay off Student Loans first – before saving for Retirement. What!?! Is this good advice?
While this would set off an alarm bell for most financial advisors, I thought there was a pretty good takeaway in this piece... her view is that most individuals can’t “execute” on both paying down loans and saving for retirement (at the same time). My advice – more of us need to automate our finances in a specific and unemotional way. In this Money Hacks episode, I explain how you can work through all your financial goals.
If you have a money question you'd like answered, don't forget to email us! This series is made from calls and questions we get from employees, investors, savers, and people just planning for their future, so if you have a question, let us know!