Debt
Showing 33 results of 33
Nearing Retirement With Student Loan Debt? What You Can Do
May 03 2024
Many older adults will struggle with rising costs (health care and otherwise) and not enough savings. Here’s how they can manage lingering student debt....
kiplinger.com
Why Gen X Can’t Retire
May 03 2024
Roughly 13 percent of Gen X-ers in the United States—ages 39-64—are still paying off student debt, with an average of $40,000 threatening their potential retirement plans in a decade or so...
wiserwomen.org
Good Debt Versus Bad Debt And Ways You Can Benefit From Inflation
Apr 30 2024
With inflation remaining aggravatingly high, it’s easy to assume this works against you in all parts of life. But there are ways the self-employed can benefit....
forbes.com
10 Things Millionaires Do Not Spend Money On
Apr 27 2024
Forget the Lambos and designer clothes! Dr. Jeff Anzalone, the Debt-Free Doctor, exposes what millionaires really refuse to spend money ... Read more...
physicianonfire.com
Just started 5th year retirement. Here's what it's been like.
Apr 23 2024
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
reddit.com
Where You Should Put Your Money (And When)
Apr 11 2024
One of the biggest problems people have when it comes to money is figuring out what to do with it and when.Should you save up an emergency fund or pay off your debt first? Should you max out your 401(...
ofdollarsanddata.com
Don’t Ignore Your Credit Score
Apr 09 2024
Anti-debt guru Dave Ramsey is the introductory point to personal finance for many people. His one size fits all rules provide the simplicity needed to dig themselves out of debt. His recommendation to...
caniretireyet.com
As More People Retire In Debt, Here’s How To Reverse The Trend
Apr 08 2024
For a growing number of older adults, debt has become an unwelcome financial burden. There are ways to pay it down....
forbes.com
I am now within a 1 year window of retirement but still debating
Mar 27 2024
If I should pull the trigger. I’ve been with same company for almost 35 years. I have planned to retire at 59.5 for a while now. We will be debt free, and financially be fine. But, I hate leavin...
reddit.com
5 Popular Cash Advance Apps with Same-Day Online Transfers
Mar 20 2024
Cash advances are short-term loans intended to get you to payday without going into debt or getting hit with an overdraft fee. They’re great for moments you’re in a pinch, but they shouldn...
thinksaveretire.com
Can a Nudge Reduce Credit Card Debt?
Mar 14 2024
Results from large scale experiment in the UK say “no.” Our recent study about debt holdings of older Americans focused our attention on how credit card debt could get people in trouble. W...
crr.bc.edu
Saving for Retirement Can Mean Adding Some Debt Too
Mar 06 2024
In today’s world, workers need to save if they want to be comfortable in retirement. But there are also limits to what many people can afford. A new study finds that when U.K. workers were autom...
crr.bc.edu
Nomad in retirement question / advice
Feb 26 2024
I’m 68, single and have a healthy retirement portfolio with no debt and live in an apartment. I plan to quit working in December. I have one daughter, son-in-law and grandson in Colorado, anothe...
reddit.com
Retirement and Debt - Need Advice
Feb 15 2024
My husband is 64, our sole income. No plans to retire until he’s 70. I’m 57. We aren’t good with money so I’m not sure what the best plan is. We have 206k vested in a 401k. Abo...
reddit.com
Ditch The Money Guru Debt Drama: It’s Time For Personalized Planning
Jan 14 2024
Let's ditch the one-size-fits-all debt drama from financial pros and gurus in favor of more personalized personal finance guidance....
forbes.com
Till Debt Do Us Part: Resolving Financial Tension – Part II
Jan 12 2024
In this episode we continue exploring our list of topics that can create financial tension between couples and strategies to help resolve conflicts and tension. Glenn is available for in person and Zo...
retirementroadmappodcast.podbean.com
Till Debt Do Us Part: Resolving Financial Tension - Part I
Jan 03 2024
It's no secret that when there's financial tension between couples, it can hurt the relationship. In this two part series, we explore 10 topics that can create financial tension between couples and st...
retirementroadmappodcast.podbean.com
How Do You Know If You Are Getting Good Advice at a Fair Price?
Dec 02 2023
WCI columnist, pediatrician, and WCICON speaker, Dr. Margaret Curtis, joins Dr. Jim Dahle today on the podcast to help answer your questions. They debate the age-old questions of paying down debt vs. ...
whitecoatinvestor.com
How I paid off $25k of debt lightning fast– and how you can too
Nov 09 2023
Growing up, Hollywood had me believing that 20s were going to be the most exciting part of my life. I’d find true love, go on a life-changing trip to Europe and start a successful career all in ...
thinksaveretire.com
LegalShield Review: Debt Disputes and Other Legal Services
Nov 06 2023
What is LegalShield? LegalShield is a legal services company with the mission of making legal protection both accessible and affordable to everyone. They’ve operated for over five decades and of...
thinksaveretire.com
How Real Estate Debt Can Help Build Alternative, Passive Income In This Market
Nov 04 2023
In today’s ever-evolving real estate landscape, investors are met with a mix of optimism and skepticism. There’s no denying the ... Read more...
physicianonfire.com
Pay Off Debt or Invest Proceeds From Rental Property?
Oct 13 2023
I have sold rental property and have about $350G from the sale. I am 61 and plan to retire at the end of this year. My wife is 63. We have about 1Mil in investments, mostly stock and bonds. I would ap...
reddit.com
What Happens if the US Defaults on its Debt?
May 16 2023
On January 19, 2023, the U.S. federal government hit its $31.38 trillion debt ceiling and has since been unable to borrow more money. To get by, the U.S. Treasury has resorted to "extraordinary measur...
ofdollarsanddata.com
How To Consolidate Debt, The Smart Way
Feb 06 2023
Debt consolidation can save you money by paying off debt sooner — if you avoid certain mistakes. Key Ideas Debt consolidation can be a powerful tool to get out of debt faster. Even if you're fin...
financialmentor.com
Student Debt Plan Helps Black Retirees
Feb 03 2023
For the sliver of retirees who are far behind in paying their own or their children’s student loans, Social Security can withhold part of their benefits to pay the loans back. But college has go...
squaredawayblog.bc.edu
What is the Debt Ceiling Crisis and 8 Ways to Prepare for Possible Fallout
Jan 19 2023
“The ceiling is falling! The ceiling is falling!” It is hard to know if the news of the debt ceiling is akin to chicken little’s misunderstanding or an actual looming crisis. (In the...
newretirement.com
56 and still owe a slew of child support. Have to stay in the game to finish debt. Retirement isn’t easy and having this as an overlay is rough. Of course paying all I owe and have never missed a paym
Jan 18 2023
submitted by /u/mofofromthenosho[visit reddit] [comments]...
reddit.com
What to know about tapping your retirement savings to pay off debt
Dec 30 2022
Those struggling with credit card debt should proceed with caution when tapping their retirement savings for relief...
cnbc.com
Who Holds the Student Loan Debt?
Aug 30 2022
Last week, President Biden announced a policy that would forgive $10,000 in student loan debt for those individuals earning less than $125,000 per year with an additional $10,000 in forgiveness for lo...
ofdollarsanddata.com
Save for Retirement or Pay off Debt? | Personal Capital
Apr 13 2022
It’s more important than ever to balance paying off debt with saving for retirement. Should you pay or save first? Learn more....
personalcapital.com
The Yield Curve Just Inverted…Now What?
Apr 05 2022
Last week the yield curve inverted for the first time since August 2019. For the uninitiated, a yield curve inversion occurs when the interest rate paid on short-term debt exceeds the interest rate pa...
ofdollarsanddata.com
How to Get Out of Debt: 12 Ways
Dec 14 2020
Find the right way for how you can get out of debt. You have options! Find a way that will work for you....
newretirement.com
How to get out of debt
Jan 15 2018
There's tons of info online on how to get out of debt. Too often, these end up as a scam. Here's how to get out of debt without gimmicks or games....
getrichslowly.org
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About Debt
Retirement debt is any debt that you have when you retire. It's important to try to pay off as much debt as possible before you retire, as carrying debt into retirement can be financially challenging.
If you have high levels of debt when you retire, it can limit your retirement income and make it harder for you to meet your financial needs. It can also be stressful to deal with debt payments on a fixed retirement income.
To help reduce your retirement debt, you can try the following strategies:
Pay off high-interest debt first: Focus on paying off any high-interest debt, such as credit card debt, as it will cost you more in the long run.
Create a budget: Create a budget to help you manage your expenses and allocate more money towards paying off your debt.
Save and invest: Save and invest as much as possible to build up your retirement nest egg. This will help you have more financial flexibility in retirement and make it easier to pay off any outstanding debts.
Consider debt consolidation: If you have multiple debts, you may be able to consolidate them into a single loan with a lower interest rate. This can make it easier to pay off your debt and save money on interest.
Seek financial advice: If you're having trouble managing your debt, consider seeking financial advice from a professional. A financial planner or counselor can help you develop a plan to pay off your debt and improve your financial situation.