9 Tips to Retire With Wealth If You Make Under $50,000
3) Pay off Student Loans
Student loans can linger for an entire lifetime, sapping your financial strength and earnings. The cost of these loans has risen dramatically in recent years. As a result, many people will have their retirement savings undermined by student loan repayment obligations. Rid yourself of this major source of debt and financial stress, however, and you can get a robust jump start on building a solid retirement nest egg. Thanks to recent legislation there are options for refinancing a student loan, whether it is private or federal. Shifting into a lower-interest loan can save you many thousands of dollars over the life of that loan. If that is a possibility for you, do it. You will be able to reap the rewards by having an easier financial path to retirement.