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TIME Money

Should You Invest or Pay Off Debt? Here’s a Simple Rule to Follow

By Erin Lowry

“People should have an emergency fund and no high-interest debt before they start investing,” says Alex Benke, Vice President of Financial Advice and Planning for Betterment. “You could have mortgage debt and student loan debt, depending on the rate, before investing. Five percent is what we [at Betterment] use as cut-off on student loan debt.”

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This article originally published April 9th, 2019 on TIME Money