The fastest growing group of Americans filing for bankruptcy are seniors in retirement. This is the shocking finding of John Pottow, a University of Michigan Law professor, in a study of bankruptcy filings in 2007. Americans age 65 and older represented 7 percent of all bankruptcy filings in that year. The primary reason given by [...]
Tags: Get Out of Debt
Get Out of Debt and Retire Early! Paying off your debt is one of the best investments you can make. Every extra dollar you use to pay off a 13% credit card debt is the equivalent of earning a guanteed return of 13% Paying off your debt is one way to earn high returns [...]
Tags: Get Out of Debt · How To Retire Early
A whopping 41% of Americans, between the ages of 60 and 69 are paying a mortgage on their home, even though half of them have enough savings to pay off their mortgage. A common question people, who are about to retire ask is, “Should I retire with a mortgage or pay it off before I [...]
Tags: Early Retirement Planning · Get Out of Debt
A study done in Britain by “Helped the Aged” and Barclays Bank, has discovered that many more people are entering retirement, with large amounts of debt. “Half of households headed by someone in their 50s are still repaying a mortgage, as is one in eight over-60s. The picture on personal loans is worse. Credit users [...]
Tags: Get Out of Debt
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