Financial planner advises teacher to balance retirement saving with debt repayment

Jeff Kizer teaches math and coaches tennis, and he hopes to keep working into his 70s.

He has saved nearly $165,000 for retirement but also owes more than $80,000.

His financial planner says paying down some debt could give him more freedom while he continues building savings.

The advice shows that saving as much as possible is not always the best choice when someone also has significant debt.