With unprecedented debt levels at older ages, Americans are struggling to get it all done before retirement. Experts commonly recommend having a million or more in savings. Debt levels are at all-time highs, and those in their 50’s are still adding debt instead of paying off mortgages.
As you get serious about retirement you may wonder which option will offer the highest payoff:
Pay off all your debt and enter retirement with little or no savings, or save as much as possible and enter retirement with heavy debt loads? Read more