Which Would You Choose: Funding Retirement or Paying Off Consumer Debt?.

James M. Grayson, Peter M. Basciano, Christopher L. Cain

    Research output: Contribution to journalArticle

    Abstract

    Paying off consumer debt and funding a retirement plan are high-priority goals, but individuals with binding budgetary constraints are unable to do both simultaneously. The preferred strategy—to either focus on paying off the consumer debt or on funding retirement—varies according to interest rates, assumed investment returns, and employer matching rules. [ABSTRACT FROM AUTHOR]
    Original languageEnglish (US)
    Pages (from-to)19
    Number of pages1
    JournalManagement Accounting Quarterly
    Volume16
    Issue number1
    StatePublished - 2014

    Keywords

    • RETIREMENT policiesRETIREMENT planningCONSUMER creditCONGREGATE housingSOCIAL security

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