Question

Should I prioritize paying off debt or saving for early retirement?

Answer

The decision depends on the interest rate of your debt. High-interest debt should typically be paid off first, as it costs more than potential investment returns. However, you should still aim to capture any employer match in your 401(k) while managing lower-interest debt to keep building your financial foundation.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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