Article preview: Received wisdom suggests it is preferable, from a financial perspective, to enter retirement free of debt. Living on a fixed income in later life makes debt less easy to manage. While there is nothing inherently wrong with having debt during your retirement, assuming it is manageable and affordable, it does serve as a drag on your ability to achieve other financial goals. New research from an independent equity release adviser shows that up to half of older homeowners are using equity release to repay debt in retirement, as they struggle to keep up with payments.
Dealing with debt in later life
This 513-word blog post considers the burden of debt in retirement. Written on 11th August 2019.
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