Should I Stop Investing for Retirement to Get Out of Debt?
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 30 January 2026
⏱️ 16 minutes
🧾️ Download transcript
Summary
993. Laura answers a listener's question about stopping retirement contributions to get out of debt faster.
Find a transcript here.
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Transcript
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| 0:00.0 | Hey friends, welcome back to the Money Girl podcast. |
| 0:08.4 | This is Finance Friday, a special edition of Money Girl, where I answer your burning money |
| 0:14.2 | questions. Anything that's on your mind, I would love to answer it here. |
| 0:18.3 | Today, we have a topic from an email that came in from Heather, who says |
| 0:22.8 | I work for a nonprofit and contribute 4% to my 403B retirement plan, but I'm also trying to get out |
| 0:31.7 | of debt. Should I stop making retirement contributions so I can send more to my debt, or just continue investing |
| 0:39.9 | the same amount, knowing it will take me longer to get out of debt. |
| 0:44.2 | Thanks for the great question, Heather. |
| 0:46.1 | I think knowing how to prioritize saving and eliminating debt is a classic financial dilemma. |
| 0:52.6 | It can be pretty tricky to figure out. This podcast will give you |
| 0:56.3 | a four-step priority plan to follow anytime you're unsure how to manage or allocate money. |
| 1:03.2 | Following this guide will give you confidence that you're using your precious financial |
| 1:08.1 | resources wisely to balance debt payoff with long-term wealth building. |
| 1:14.2 | This is episode 993, and I really appreciate you downloading this show. |
| 1:18.9 | If you're new here, I'm Laura Adams, an award-winning author, money speaker, and founder of the Money Stack. |
| 1:25.4 | That's my substack newsletter and community. To learn more and |
| 1:29.2 | sign up, visit laura d.adams.com. And if you have a money question, as I mentioned, I'd love to |
| 1:35.6 | feature it on a future Finance Friday show. You can leave me a voicemail at 302-364-0308 or send me an email using my contact page at laura d adams.com. |
| 1:50.2 | All right, let's talk about this four-step priority plan. |
| 1:54.1 | I think knowing the best way to manage money can be tricky because there really isn't always a |
| 1:59.1 | right or wrong answer. Yes, eliminating high interest debt is |
| 2:04.2 | always wise. You know, that's always a good move. But you also need to invest for your future, |
... |
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