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. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. The Other Sure Thing Though we don't like to think about it, all of us will make an exit sometime. Are you prepared?