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Debt management
How to balance student loan debt and retirement saving
For many young professionals it can be challenging to find a balance between paying down student loan debt and preparing for a financially secure future by saving for retirement. Over half of college graduates have student loan debt. In the US this amounts to a staggering $1.77 trillion in student loan debt, second only to home mortgages— and early career salaries may leave something to be desired. However, with professional guidance, strategic planning and proactive steps, it’s still possible to effectively save for retirement while managing student loan debt repayments and working toward other financial goals.
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