Business Banking
Manage cash flow, mitigate risk, and strategically invest with business banking solutions encompassing both traditional commercial banking and alternative specialty finance options.
Commercial Banking
Treasury Management
Commercial Lending
Company Retirement Plans
SBA Lending
Specialty Finance
Equipment Finance
Asset-Based Lending
Accounts Receivable Financing
Floorplan Financing
Private Wealth
Protect the long-term health of your family’s financial future.
Financial Planning Services
Investment Management
Trust & Estate Administration
Private Banking
Brokerage Services
Consulting For Banks
Make strategic investment and asset liability decisions with a partner that knows how to ask the right questions.
Investment Portfolio Services
Asset Liability Management (ALM)
ALM Process Validation

Pros And Cons Of Paying Off Debt Vs. Investing

Private Wealth Private Banking Trust & Estate Administration

Are you struggling with the decision of whether to pay off debt or invest your money? It's a common dilemma, and one that requires careful consideration of various factors. In our latest podcast episode, we discuss:

When you’d want to pay off debt first
Ideas to invest while paying off debt
How financial managers help you create a strategy to achieve your personal financial goals
Tips for assessing your risk tolerance for carrying debt and investing

First Business Bank’s experts, who work with clients every day on their financial strategies, also discuss provisions in the SECURE Act 2.0 designed to help people save for retirement while paying off student loans. Tune in to our episode for guidance about how to approach paying down debt or investing excess funds.

Published: 4/19/2023

video of Pros And Cons Of Paying Off Debt Vs. Investing

Deciding To Pay Off Loans Or Invest Your Money

Read Article

Financial planners often recommend most people pay off loans first, but in some situations, investing money is a better choice....

Featured Experts

Brendan Freeman

President - Private Wealth of First Business Bank

Brendan Freeman, President of Private Wealth at First Business Bank, has over 25 years of experience in private wealth management and banking, including in previous leadership roles. He oversees private wealth management services in the South Central Wisconsin, Southeast Wisconsin, Northeast Wisconsin, and Kansas City Metro markets.

Eric Engstrom, CIMA®

Vice President - Investment Portfolio Manager of First Business Bank

Eric Engstrom, CIMA®, joined First Business Bank's Private Wealth team in 2022 as Vice President - Investment Portfolio Manager. An essential member of the client services team, Eric also works with Private Wealth's Investment Committee.

Jessica Colby

Vice President - Wealth Advisor, NMLS #553784 of First Business Bank

Jessica Colby joined First Business Bank’s Kansas City team as a Private Wealth Advisor in February of 2021. She has worked in the financial services and banking industry for over 22 years, with a focus on Private Wealth for the last eight years. Jessica works with a diverse client group, including high-net-worth individuals, business owners and their families, institutional investors, and non-profit organizations.