Today Money financial expert Sharon Epperson joined us for a live Web chat Wednesday to answer your questions.
Here’s one of her answers to questions from the live chat. (See below for the full Q&A and video of Sharon’s TV appearance this morning.)
Tara asked:
“Is it better to pay off student loan debt or save for retirement?”
Sharon replied:
“It's not an "either/or" situation. You should definitely save for retirement and the earlier you start the better off you'll be. You need to itemize your student loans and figure out if you can consolidate. Pay off what you need to pay to stay current. But don't neglect your own retirement savings in the process.”
Here’s the full chat archive and Sharon’s TV appearance:
If you have a question for our TODAY Money experts, submit it here.
To sign up for an e-mail reminder for our next chat, click here.