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Save for a house or retirement? Choose the latter

By Erin Lowry

31 Jan 2023 · 4 min read

Editor's Note

During this time of economic turmoil, contributing to a savings plan may feel like a far off goal. But if you are able to do so, this Bloomberg author argues you should opt for one area in particular.

The last decade of my life has seen one annual constant: contributing to a retirement plan.

Given the glories of compound interest over time, I've been a borderline zealot in the way in which I proselytize for my fellow millennials and our Gen Z compatriots to contribute to their retirement funds. I've always said you should at least contribute enough to get your employee match while focusing on other financial goals (or shackles) like building an emergency fund or repaying student loans.

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