Six Smart Ways to Pay Off Debt Faster
Retire with a Clean Slate
Still have debt and nearing retirement? You may want to reduce monthly savings to your retirement accounts, such as your RRSP, and instead use that extra cash to pay down your debt more quickly. But, be sure to at least put enough into your employer retirement savings plan to get your full employer match. You don't want to give up the extra money! Check with your financial advisor before taking this step.