Comments on Clawing our way to financial health: Retirement vs Debt Repayment

When I was getting myself out of debt, I hardly co...

2008-02-14T12:44:00.000-08:00

When I was getting myself out of debt, I hardly contributed to my RRSPs at all - I think I was at $25/bi-weekly. You're definitely doing the right thing, especially with a little one on the way. :)

Thanks for the link. I think you are making the ri...

2008-02-14T08:28:00.000-08:00

Thanks for the link. I think you are making the right choice by paying down the debt. Note that even if you decide to pay down low-interest debt such as a mortgage, it is hardly a no-brainer that contributing to a RRSP instead is the better option.

Thanks Mike, in putting it out there I was bracing...

2008-02-12T19:58:00.000-08:00

Thanks Mike, in putting it out there I was bracing for someone to see a hole in my logic (and it may happen yet) but I thought if anyone would see it, it might be you and/or Mr Cheap :)

Talk about a voice of reason.Great choice - saving...

2008-02-12T19:46:00.000-08:00

Talk about a voice of reason.

Great choice - saving taxes is all well and good but debt (especially excessive debt) can have a rather negative effect on any goodwill achieved by a bit of tax deferral...

Mike