Pre-retirement: How to pay off my debts - Step 2 of 5

Pre-retirement: How to pay off my debts - Step 2 of 5 (0 min 23 s)

Added on June 27, 2012

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Are you nearing retirement and have many questions regarding your financial planning? Desjardins experts can guide you. With the help of their expertise and skills, they will provide the best tips to effectively prepare for this critical stage of life.

Video: Pre-retirement: How to pay off my debts - Step 2 of 5

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Pre-retirement: How to pay off my debts - Step 2 of 5 (0 min 23 s)

Added on June 27, 2012 | Personal

Question: Should I pay off my debts before I retire?

Answer: By carefully looking at your budget with the help of your advisor, you can find ways to pay off certain debts faster. Taking these steps will help give yourself more financial leeway.

As you pay off your debts, you'll free up more of your money. Put that money toward your retirement savings.

Remember though, it's important to find the right balance between repaying your debts and saving for retirement.