Dossier
high-interest debt
Coverage of high-interest debt in the Nexus archive.
- Why maxing out your 401(k) is a major financial mistake if you have credit-card and other punishing debt
The article advises against maxing out a 401(k) when burdened with high-interest debt, such as credit cards, as prioritizing debt repayment and emergency savings can yield better short-term financial outcomes. It emphasizes that while securing an employer match is crucial, it should not come at the expense of addressing high-cost debt.