Debt
Showing 13 results of 63
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.