Abstract
Paying off consumer debt and funding a retirement plan are high-priority goals, but individuals with binding budgetary constraints are unable to do both simultaneously. The preferred strategy—to either focus on paying off the consumer debt or on funding retirement—varies according to interest rates, assumed investment returns, and employer matching rules. [ABSTRACT FROM AUTHOR]
Original language | English (US) |
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Pages (from-to) | 19 |
Number of pages | 1 |
Journal | Management Accounting Quarterly |
Volume | 16 |
Issue number | 1 |
State | Published - 2014 |
Keywords
- RETIREMENT policiesRETIREMENT planningCONSUMER creditCONGREGATE housingSOCIAL security