✉news BusinessPersonal Finance first seen 1 d ago, last 14 h ago, peak #10
Dave Ramsey Says Pause 401(k) Contributions to Pay Off Debt
Original: Dave Ramsey Tells People to Stop Their 401(k) to Kill Debt. Here’s What You Give Up
Personal finance personality Dave Ramsey is advising people buried in debt to temporarily stop contributing to their 401(k) retirement accounts so they can attack what they owe more aggressively. The advice is drawing attention because pausing contributions means giving up employer matching funds, years of compound growth, and potential tax advantages, which critics say can cost savers far more than the interest saved on their debt.
Why now: Ramsey's advice challenges conventional retirement-saving wisdom, sparking debate about whether killing debt justifies losing employer matches and compound growth.
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