Many retirees will have debt by the time they retire. It is great if you do not have any. If you are looking to rid or minimize the debt you will have when you are retired, there are many management systems in place that you can use to make sure you do not have to worry. Scams are everywhere so you must make sure you do your research and do not get scammed out of your money.
Key Takeaways:
- One of the best ways to avoid debt is to make sure that your savings always has something in it.
- It is easy to get caught up in scams. Make sure you do your research.
- You can also look into getting a reverse mortgage if your bank allows it.
“Before the creation of the nation’s Social Security system in the 1930s, 75 percent of American senior citizens lived in poverty.”
Read more: https://www.debt.org/retirement/avoid-debt-senior/
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