About the Debt Reduction Planner

The Debt Reduction Planner encourages you to:

Most people enter only high-interest debt in the Debt Reduction Planner. Some experts recommend paying off low-interest, deductible debt, such as a home mortgage, on its regular payment schedule if you can earn a higher rate of return on your investments than the interest rate on the loan . However, your goals may vary depending on the amount of time until you retire, your tax situation, and other factors.

After you create a debt reduction plan, you can see an overview of your debt on the Loans & debt page in the Lifetime Planner.


If you want to analyze just one debt, use the Mini-Debt Reduction Planner to see how long it will take you to pay it off, or how much you'll need to pay each month to pay it off by a certain date. To use the Mini-Debt Reduction Planner, click Banking, and then click Credit Center.