Debt

Spending

More People Are Approaching Or Already In Retirement With Deep Debt

Dec 17 2024

Swelling debts of people age 60 and older make it hard for them to save for retirement — and may require some of them to tap their savings sooner than they thought....

forbes.com

Is My Social Security Safe From Debt Collectors?

Dec 16 2024

If that question has been on your mind, we've got good and bad news....

money.usnews.com

Social Security

Trump vs. Harris: How Winner May Impact Taxes, National Debt

Oct 13 2024

Budget watchdogs each release analysis of candidates’ professed tax and spending plans while…...

401kspecialistmag.com

Taxes

How Fast Can You Get Out of Debt?

Oct 06 2024

Get as mad at debt as I am! Do the math, make a plan, take control, and seize the life you want by paying off your debt FAST. The post How Fast Can You Get Out of Debt? appeared first on The White Coa...

whitecoatinvestor.com

Gen Z Names Savings, Not Debt Management, as Top Financial Goal

Sep 22 2024

Yet, HR leaders and managers say reducing debt is the youngest working demographic's main goal...

401kspecialistmag.com

Savings

More Retirees Have Debt. Is That Bad?

Sep 19 2024

More and more retirees are ignoring the traditional advice to be debt free in retirement. Sometimes that's smart financial move, other times it's not....

forbes.com

To not be in debt in retirement, when do you buy your last house?

Sep 09 2024

After an earlier post about advice to give to kids about retirement, one of the most common answers was to be debt-free at retirement, including a mortgage. I got to thinking about that, and what that...

reddit.com

Real Estate

The Politics of Student Debt Forgiveness

Sep 05 2024

Answering reader questions about whether you should pay off your mortgage, if nursing home insurance is a good idea, and when to let your disability policy lapse. Plus, we talk about the state of gove...

whitecoatinvestor.com

Nothing is Certain Except Debt and Taxes

Aug 28 2024

A few weeks ago I tweeted the following, which caused a bit of controversy on Twitter/X: Hot take: Maxing out your 401(k) when you are younger is almost always the wrong choice. The extra 0.5% per yea...

ofdollarsanddata.com

Taxes

How the 2024 Election Could Impact Elder Student Loan Debt

Aug 19 2024

New research predicts Dems would continue to support student loan debt reforms aimed at…...

401kspecialistmag.com

?? Find Out Why Retirees are Carrying More Debt (AARP Article)

Aug 17 2024

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Why Retirees Are Carrying More and More Debt. Federal Reserve data shows sharp rise in amount Americans 65 and older owe. By Martha C. White, AARP. Published...

community.aarp.org

Despite Medicare, 1 in 5 Retirees Have Medical Debt

Aug 09 2024

Two people in my family who are independent contractors and lack employer health insurance happen to be turning 65 this year and will finally be eligible for Medicare. Hallelujah! A report by KFF, the...

crr.bc.edu

Medicare

Obtaining credit in retirement

Jun 21 2024

I'm pulling the trigger in 3 months. I am currently completely debt free, so I have no real interest in my credit score or any access to credit other than my money back card that I use for everything....

reddit.com

Should You Treat Your 401(k) Like a Bank?

Jun 06 2024

A recent article in the Wall Street Journal says it’s time to consider borrowing money from your 401(k). These loans have become more popular as more Americans get deeper into debt at high inter...

bankonyourself.com

How to Avoid Debt in College: Your Financial Freedom Starts Here

May 23 2024

Heading off to college? Buckle up because it's not just about academics and making new friends—it's also a crash course in managing your finances. Learning how to dodge debt can lead you to fina...

thinksaveretire.com

How To

College

Your Money: A Boot Camp for 20-Somethings

May 15 2024

Advice, explainers and exercises on taking advantage of job benefits, creating a budget, paying off debt and thinking about your future....

nytimes.com

Career

Budget

7 Ways Gen Xers Can Beat Credit Card Debt

May 13 2024

Here are some smart strategies to get those balances down...

aarp.org

Big purchases (car) prior to retirement

May 13 2024

I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...

reddit.com

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

Inflation

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

Spouse

Real Estate

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

How To

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

Savings

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

Portfolio

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

Investing

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

How To

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

Savings

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