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Smart Planning Sessions: Digging Out of $36K in Debt — Without Derailing Retirement

NerdWallet's Smart Money Podcast

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Navigating Debt and Retirement Savings

In this chapter, the hosts invite listeners to share their personal finance stories while addressing a reader's dilemma about using retirement savings to pay off debt. They discuss the balance between managing significant debt and contributing to retirement, offering insights from a financial expert on effective budgeting and the emotional impacts of debt. The chapter highlights various strategies for debt management, including the pitfalls of balance transfers and the importance of emergency savings.

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