Paying down debt vs investing in your retirement – What is the right choice?

Proper Financial Planning is all about allocating your available capital in the most efficient and effective way. Growing your net worth is often a major objective in the overall plan, and there are only 2 ways to do that: Increase your assets or decrease your liabilities. That being said, there should always be a good balance between the amount of capital used to invest (growing your assets) or paying down your debt (decreasing your liabilities). Now, ‘balance’ doesn’t always mean that you should be splitting your capital 50/50 between the two, as there are several factors that play into the equation.

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