Why Retiring In Debt Is a Big Deal

Flickr/quinn.anya

Hey, you there…are you retiring with debt on the books? We get it, you don’t want to talk about it. But statistics released by CIBC in July show that you’re not alone. A full 59 percent of Canadians are retiring with debt, 19 percent more than just over two years ago.

So, back to your debt. Sorry to bring it up again, but you simply can’t ignore it. Not forever, anyway. Because that old debt will only get bigger and badder over time, until it completely derails your retirement plans. Here we’ll take a look at what’s going wrong for retirees and what you can do to put yourself on the right track. Here’s a hint: It’s time for your debt to come out of the closet. Read more in my new article on GoldenGirlFinance.ca: http://bit.ly/Nhylmt

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One response to “Why Retiring In Debt Is a Big Deal

  1. That sucks and is really worrisome. Too many people living too high too early, just get in trouble later in life. We are too greedy.