Matt Hofacre, CFP®, EA, MSPFP

Matthew is a Certified Financial Planner® (CFP®) professional, an Enrolled Agent (EA) and holds a Master of Science in Personal Financial Planning. He runs Pay It Forward Financial Planning, where he primarily works with parents facing the major financial decisions that come with raising a family. Matthew helps his clients feel financially prepared for each stage of parenthood, whether that's creating a family budget, balancing retirement and college savings or ensuring the right protection is in place if the unexpected happens. His expertise includes tax planning, retirement planning and college planning. His commentary has been featured in SavvyMoney and Investopedia.

Posts by Matt Hofacre, CFP®, EA, MSPFP

Ask an Advisor

Ask an Advisor: I Have $80,000 in My 401(k), but I’m Buried in Credit Card Debt. Should I Stop Saving for Retirement?

July 6, 2026

I’m in my late 30s and have accumulated significant credit card debt, including several high-interest cards that are nearly maxed out. I have no emergency savings, contribute to my 401(k) (about $80,000) and have roughly $11,000 invested in a taxable brokerage account. I’m worried that my debt is preventing me from making meaningful progress toward… read more…