Seeking Retirement

Debt

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The 12 Best Things Rich Retirees Do

From prioritizing spending and investing to using debt wisely and developing a giving attitude, rich retirees develop habits to live by....

kiplinger.com Dec 17 2024

How Fast Can You Get Out of Debt?

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 Oct 06 2024

More Retirees Have Debt. Is That Bad?

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 Sep 19 2024

The Politics of Student Debt Forgiveness

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 Sep 05 2024

Nothing is Certain Except Debt and Taxes

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 Aug 28 2024

Despite Medicare, 1 in 5 Retirees Have Medical Debt

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 Aug 09 2024

Obtaining credit in retirement

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 Jun 21 2024

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

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 Jun 06 2024

Your Money: A Boot Camp for 20-Somethings

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

nytimes.com May 15 2024

Big purchases (car) prior to retirement

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 May 13 2024

10 Things Millionaires Do Not Spend Money On

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 Apr 27 2024

Where You Should Put Your Money (And When)

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 Apr 11 2024

Don’t Ignore Your Credit Score

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 Apr 09 2024

5 Popular Cash Advance Apps with Same-Day Online Transfers

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 Mar 20 2024

Can a Nudge Reduce Credit Card Debt?

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 Mar 14 2024

Saving for Retirement Can Mean Adding Some Debt Too

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 Mar 06 2024

Nomad in retirement question / advice

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 Feb 26 2024

Retirement and Debt - Need Advice

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 Feb 15 2024

Till Debt Do Us Part: Resolving Financial Tension – Part II

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 Jan 12 2024

Till Debt Do Us Part: Resolving Financial Tension - Part I

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 Jan 03 2024

LegalShield Review: Debt Disputes and Other Legal Services

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 Nov 06 2023

Pay Off Debt or Invest Proceeds From Rental Property?

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 Oct 13 2023

What Happens if the US Defaults on its Debt?

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 May 16 2023

How To Consolidate Debt, The Smart Way

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 Feb 06 2023

Student Debt Plan Helps Black Retirees

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 Feb 03 2023

Who Holds the Student Loan Debt?

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 Aug 30 2022

The Yield Curve Just Inverted…Now What?

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 Apr 05 2022