Saved by A.M. Arthur6/30/2023 ![]() ![]() If you don’t contribute, sometimes that means your employer is not contributing on your behalf, so you’re literally walking away from some of your income. When you’re funding your 401(k), a lot of times there’s an employer match or a profit share or other types of contributions on your behalf. That said, if you aren’t in the ideal scenario, I do think it’s better to borrow for school-particularly if you can qualify for a subsidized loan-and to continue to fund your retirement. ![]() And it is always best not to require student loans and to find an affordable educational option. The ideal scenario is to have the wherewithal to save for retirement and education simultaneously and to start saving as early as possible in your career. ![]() ![]() If you choose to fund your own retirement and build your own abundance and your own path to financial independence and there’s a student loan for some or all of the educational expenses, you can put yourself in the position to help make those loan payments later.įinancially, it is possible to borrow for almost everything in life-except retirement-which is why you need to prepare yourself to cover all of your own expenses when you no longer have a steady paycheck. ![]()
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