Hey everyone… I have a quick question. I’m trying to get a handle on my debt and budget, and I’m wondering if I should stop contributing to my Deferred Comp while I do that. Pretty sure I know the answer, but would love to hear your thoughts!
Are you following a specific plan? There’s a how-to when-to wiki at this forum that’s really helpful.
I’d say don’t stop contributing completely. Your future self will need that money. Maybe just reduce your contributions a bit?
It’s a balancing act for sure. Definitely focus on getting out of debt, but your retirement savings are important too.