Debt

Showing 19 results of 69

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

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

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.