Retiring Under a Mountain of Debt? Here's What You Can Do
Retiring might mean an end to the 9-to-5 world, but it doesn't bring an end to financial worries -- especially if you have a lot of debt. Not all retirement debt is cause for major stress, but if you have high-interest-rate debt, you definitely want to work out a plan before you leave the workforce for good. Start by taking the following steps.
In order to develop an effective debt repayment strategy, you need to take stock of your situation. Make a list of all your debts and then look up the balances on each and the interest rates. You should be able to find this information through your online bank or credit card accounts. Otherwise, you can contact the lender.
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Source Fool.com
