Debt Elimination

Debt can drag on your ability to save for retirement. If you have an aggressive repayment schedule, you may be sacrificing valuable time to contribute to your retirement accounts. On the other hand, not paying down debt can compound your financial responsibilities. This can snowball into a seemingly insurmountable situation.

There’s actually a way forward that balances your need to plan for retirement and other financial goals while addressing outlying financial responsibilities: a debt elimination strategy.

A debt elimination strategy seeks efficient repayment solutions, giving you the financial wiggle room needed to prepare yourself for the future. In many cases, this will mean reducing interest rates, staggering accounts, settling for lower amounts, among other options. When you are deep in debt, it can be hard to see the larger picture, which is why working a financial professional can be to your advantage. At Lifetime Assurance, we develop custom plans that address your unique debt elimination goals and complement your overall retirement planning needs.