Saving for Retirement While Paying Off Student Debt

September 3, 2017

Tony Bartels, DVM, MBA, consultant for the Veterinary Information Network, talks about the importance of saving for retirement while simultaneously paying off student loans.

Tony Bartels, DVM, MBA, consultant for the Veterinary Information Network, talks about the importance of saving for retirement while simultaneously paying off student loans. Many veterinarians don't save for retirement early on in their careers because they are mainly focused on paying off their veterinary school student loans. But the later you start saving for retirement, the less chance you have for your money to grow.

It's important to both save for retirement and incrementally pay off your student loans. Realistically, 10-15 percent of your income should be going toward your student loans and another 10 percent should be going toward a retirement fund.