Final answer:
The statement is true. Obtaining additional education and saving money early in life is important for achieving substantial personal wealth. Investing for retirement while still carrying student loan debt can be challenging.
Step-by-step explanation:
The statement "You should hold off on investing for retirement until you have college or other post-secondary education paid for" is True.
Obtaining additional education and saving money early in life is important for achieving substantial personal wealth. By completing significant additional education and training after graduating from high school, individuals can increase their earning potential and have a higher chance of financial success in the long run.
Starting to invest for retirement while still carrying student loan debt from college or other post-secondary education can be challenging and may hinder the ability to save and accumulate wealth effectively.