Having Debt in Retirement?
from Something More with Chris Boyd Hosted by J. Christopher Boyd
While millions of Americans spend their working days dreaming about retirement, many fail to take the crucial financial steps they should before becoming a retiree. Chris Boyd and Jeff Perry discuss a recent article (link below) titled, "Don't even think about retiring until you have these three things paid off — and no, your mortgage isn't one of them." Chris and Jeff discuss the benefits of being debt-free in retirement and how one's home can be a potential source of income or wealth. Jeff discusses using a "bucket" fund approach to save for a new car. Chris reviews different strategies for debt reduction. The segment ends with changes to student loans and strategies to consider for repayment of student loan debt. https://www.aol.com/5-best-debt-consolidation-options-233533805.html
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