From Bloomberg Opinion: 'The largest transfer of money in U.S. history is underway with more than an estimated $70 trillion set to pass from wealthy baby boomers to their children over the next 20 years and no one wants to talk about it,' Alexis Leondis writes.
8 Ways to Free Yourself of Retirement Debt
You ve got options you might not even think of including credit cards.
Despite your best savings efforts and maybe due to some unexpected expenses your retirement plans may have run into the stark reality that you didn’t end up with the nest egg you had planned on.
In fact, you’re headed toward your golden years with credit card debt.
Unfortunately, that’s the case for many Americans 46% of retirees have non-mortgage debt (that includes credit card debt, as well as auto loans, student loans and medical debt), according to a survey by the TransAmerica Center for Retirement Studies. And 14% of them hold $10,000 or more in debt.