How to Prevent Carrying Debt in Retirement?
There’s no denying that the baby boom generation has left a lasting impact on the world. This generation has spent the last several decades as the leaders of almost every industry, and continue to play major roles in politics, entertainment, science, agriculture, medicine and pretty much any other market you can think of.
But as this decade rolls on, millions of boomers are getting ready for retirement. Whether you can’t wait to hang up your work clothes and sail off into the sunset or you feel like they’ll have to drag you away from your work kicking and screaming, there’s no stopping Father Time. So now you’ve got to focus on how the rest of your life will play out, and you obviously want it to be as comfortable as possible.
Planning in advance to manage debt in retirement
As you enter retirement money becomes a larger issue, and keeping expenses down is a crucial step. You’ve got to get rid of debt to make sure that the money you do have coming in isn’t used up without contributing to your life.
Here are a few ideas to help boomers prevent carrying debt into retirement. [Read more…] about How Bad is it to Carry Debt in Retirement?