Social Media Ideas for Retiree Debt

I'm 50, want to retire next year and have $30,000 in debt. Is maxing out my 401(k) contribution a good plan?

Individual Retirement Accounts in Later Life

Key Takeaways  Individual retirement accounts (IRAs) have existed for over 50 years. Established as part of the 1974 Employee Retirement Income Security Act for workers without emp...

‘She is retired’: Do I dip into my 401(k) to pay my mother’s $30,000 credit-card debt?

“I want her to live on her Social Security instead of using it to pay off her credit-card debt.”

Early retirement incentives to reduce department operating budgets

If a public servant who has been approved for early retirement made $100,000, then the department's budget would be reduced by $50,000

As retirement costs surge, more homeowners turn to their equity

65-and-older households now spend about $122,000 annually, compared with roughly $60,000 in 2000, according to survey data.

Managing Debt While Saving for Retirement

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Retirees are worried about the cost of healthcare — and who can blame them?

The increase in Medicare Part B premiums has sparked concerns about out-of-pocket healthcare costs.

Canadian taxpayers face up to $3,348 each in government debt interest

New Fraser Institute findings show debt servicing rivalling health and education budgets

Posthaste: More retired Canadians have a mortgage — and many don't expect to ever pay it off

Fidelity survey finds one in 5 retired Canadians are still carrying a mortgage

Retirees face a new challenge: How to spend their 401(k) savings

How Judith Paid Off Debt After Retirement and Found Financial Peace

Judith never expected her retirement years to begin with financial stress.  After a long career as a criminal law paralegal, she and her husband set out to build their dream home—a...

Paid Off the Mortgage? Many Retirees Say One Housing Cost Keeps Rising Anyway — and It’s Getting Harder to Ignore

Paying off your mortgage before retirement should bring you some kind of financial peace of mind. After all, not having a house payment means lower expenses,...

Medicare enrollment wave puts spotlight on costly retirement decisions

Retiring at the Coast Comes With a $9,800 Annual Insurance Shock

IRMAA hits retirees two years after property sale

We thought we found the perfect luxury retirement community, but it’s millions of dollars in debt. Are we trapped?

“If we were to leave, we would lose a portion of our buy-in — about $80,000.”

The Fixed-Income Pressure Point: How Rising Housing, Insurance, and Medical Costs Are Colliding for Seniors

For millions of retirees, retirement was supposed to bring financial stability after decades of work and careful planning. Instead, many seniors are finding themselves squeezed...

I started retirement with $3 million. Now I’m 89 and down to $2 million. What if I get sick?

Even if you’re not worried about your normal spending anymore, a long-term-care need is still a problem for any budget.

One big 401(k) withdrawal could push your Medicare premiums from $202.90 to $689.90 a month

Can Buy Now, Pay Later debt impact Social Security recipients?

This common payment tool can impact retirees' benefits and finances, sometimes in ways they don't expect.

20% of Adults 50+ Have No Retirement Savings and 70% Worry Prices Will Outpace Their Income

For millions of Americans over 50, retirement no longer feels like a reward after decades of work. Instead, it feels like a financial cliff approaching...

What the Average Retiree Spends Each Month -- and How You Compare

Older Americans are paying about the same as everyone else is on a per-capita basis, except for one particular (but not surprising) expense.

Older Homeowners Hold Record Equity, but Rising Bills Could Leave Less for Their Heirs

Homeowners 65 and older are the most cost-burdened age group, raising questions about how much of their record home equity will survive.

Canada's government debt has surged, with no reversal in sight, warns Fraser Institute

Report says federal and provincial borrowing has climbed to $2.44 trillion, leaving the average Canadian on the hook for tens of thousands of dollars