Category Archives: Bankruptcy Retirement
Bankruptcy and Your Retirement Account
When you see the amounts due on your bills, it is easy to panic about your financial situation. Once you start entering numbers in calculators and spreadsheets, your panic becomes even more entrenched. After doing these calculations, you see how long it will take you to pay off your debts with your current income… Read More »
Seniors, You Don’t Have to Struggle With Debt in Silence
Loneliness is terrible for seniors; the media have been saying this for decades, and yet, the senior loneliness epidemic has only gotten worse. In the next few years, many thousands of American “solo agers,” that is, unmarried people without children, will enter retirement. If you are married, you have spared yourself the worst of… Read More »
The Financial Plight of Single Seniors
Financial stress feels different, depending on your age. When you are young, you worry about providing necessities for your young children, or you motivate yourself with daydreams of providing financial stability for the children you will have in the future. Relief might come in the form of a new job, or of money inherited… Read More »
Can a Frugal Retirement Help You Stay Out of Debt?
The piece of advice that the way to get out of debt is to reduce your expenses outlives its usefulness quickly. If you are working, you can counter the argument with another proverb, namely that you have to spend money to make money. For example, you can only use your car for rideshare rides… Read More »
Debt Collection Lawsuits Against Retirees
If business to consumer lawsuits remind you of a lion attacking a mouse, your mental image is an accurate metaphor. They are a case of the strong preying on the weak just because they can. Anyone has the right to file a debt collection lawsuit in civil court if someone who owes them money… Read More »
Are You a Good Candidate for a Reverse Mortgage?
People have strong emotions about debt, but your perspective on debt varies according to your age and your general financial situation. When you are young, you feel like you have all the time in the world to make financial mistakes and learn from them. Later on, when you have employment income and a family,… Read More »
Addressing Your Debts in Preparation for Retirement
Anyone who says that you cease to be in demand after you turn 40 is not thinking about things from a financial perspective. When you reach middle age, everyone in your family looks to you as a source of financial stability. You are the one with a well-established credit history, so younger family members,… Read More »
Meet the Not Not-Poor Florida Seniors
As you tread carefully on an icy sidewalk on your way to work and think about how fragile your old bones have become, it is easy to look forward to retiring in Florida. Spending your retirement years is not all sunlit walks on the beach, though. The horrors of a retirement in Florida go… Read More »
Is Your Family Responsible for Your Debts After You Die?
On personal finance podcasts and advice columns, you often hear from people, middle aged and older, who decide to ask for advice when they realize that their debt is more than they can reasonably expect to pay off in a lifetime. Some of these consumers took out student loans in their 50s, either to… Read More »
Can Debt Relief Make Your Retirement Plans a Reality?
For as long as you can remember, your future plans have not extended beyond the next payday. You spend every pay period scrambling to make the next installment payment on your debts. If you are among the lucky few, you signed up years ago to have your employer deposit a small portion of each… Read More »