3 Counter-Intuitive Reasons to Stop Saving for Retirement in 2015
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|If you've spent any time listening to the majority of retirement planners, then this advice may catch you off guard.But the truth is, not everyone should be saving money in their retirement plans. In fact, there are three things you must consider before investing money for the future. First, make sure you have enough money to take care of today's emergencies rather than tomorrow's unknown future. Second, investing in your own business now can actually increase your potential retirement savings over the long haul. And finally, compare your investment returns to the cost of any loans you are paying off now, such as credit card debt. If any loans that are costing you more interest than you're earning on an investment, then you may want to stop contributing any more to the investment until the loan is paid off.
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