Should I Pay Off Debt or Invest? This calculator will help determine whether you should invest funds or pay down debt. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. The Value of Insuring Against Life’s Risks Building wealth requires protection from the forces of wealth destruction. Why do Renters Have to Save More? How much more would retirement cost if you owned your home rather than rented? It could actually be several times less.