Freedom2033
Dryer sheet wannabe
- Joined
- Dec 31, 2022
- Messages
- 11
Here is a fairly generic question I wrestle with - maybe there are some suggestions.
I have a company pension. It is defined benefit, so the gold standard. I can choose to put in 5% from my pay or not. Over the years I've turned it off and on.
When I run the pension calculators it amounts to a difference of approximately 5k per year if I do or don't contribute. The investment returns within the pension are quite conservative.
Knowing I have a mountain of debt, do I contribute? Or is that the wrong choice due to the debt. I am otherwise not saving at all right now.
I always lean toward yes, contribute, but I do doubt that choice.
I have a company pension. It is defined benefit, so the gold standard. I can choose to put in 5% from my pay or not. Over the years I've turned it off and on.
When I run the pension calculators it amounts to a difference of approximately 5k per year if I do or don't contribute. The investment returns within the pension are quite conservative.
Knowing I have a mountain of debt, do I contribute? Or is that the wrong choice due to the debt. I am otherwise not saving at all right now.
I always lean toward yes, contribute, but I do doubt that choice.