STUDY REVEALS SHARP INCREASE IN BANKRUPTCIES AMONG SENIORS
Thanks to rising healthcare costs, increasing lifespans, growing debt, stagnant wages and cuts to federal programs, senior bankruptcy filings are way up, a new report shows.
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What To Do If You’re Retiring with Debt
If you’re retiring with debt, consider taking these steps to manage your finances and payoff debt: refinance, downsize, consolidate debt into a zero-transfer credit card, delay retirement by a few years. And meet with a trusted financial advisor to develop a plan moving forward.
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Retirement Milestones: Make Sure to Hit All These Before Retiring
Protect yourself from outliving your savings during retirement by making sure you have: a sizable emergency fund, zero debt, a mortgage-free home, and enough money to last for at least two decades.
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