The sooner you retire, the less time you have to save for the golden years. The street smarts say: Avoid debt after you retire.
Even if you don’t plan to retire soon, younger workers still have time to save for their golden years. The wise word is: Do not get in debt when you retire. Many retirees have difficulty with this.
According to the Employee Benefit Research Institute’s “Spending in Retirement survey, feeling content and secure in retirement was related to having guaranteed income, low levels of debt, a strategy to spend their retirement savings, and retirement services provided by an employer. This includes advisory services.
