US EditionHow to be debt-free by retirement
- Becoming debt-free by retirement means not owing money when you stop working, which many aim to achieve for peace of mind.
- Many retirees carry various debts, including mortgages from 2012 to 2022 with low APRs and substantial student loans held by older Americans.
- Retirees face risks like sequence of returns, inflation, and overspending, while paying off high-interest credit card debt and student loans helps create financial certainty.
- Financial planning experts advise acting sooner with strategies to manage debt and withdrawals, emphasizing Munger's advice to 'Invert, always invert' when addressing retirement challenges.
- Proper debt management and planning reduce stress and increase chances for a healthy, happy retirement, though full debt elimination before retirement may not be realistic for everyone.
37 Articles
37 Articles
Trying to pay off all of your debts before retirement is not always a good strategy. Here's why.
How to be debt-free by retirement | News Channel 3-12
How to be debt-free by retirement Retirement can be a time to pursue hobbies, spend more time with the people you love, and travel whenever the mood strikes. Carrying debt into retirement may not be ideal, especially if it prevents you from doing what you want. You don’t have to be debt-free by the time you retire. But paying off debt before you say goodbye to the job for good could bring you peace of mind and greater financial security. Here, F…
Avoiding retirement disasters from the inside out
Avoid these 11 common mistakes retirees make, from bad Social Security timing to inflation blind spots, and improve your financial success in retirement. The post Avoiding retirement disasters from the inside out | The Informed Investor appeared first on Rochester Business Journal.
Coverage Details
Bias Distribution
- 91% of the sources are Center
To view factuality data please Upgrade to Premium
