Nearly half of U.S. retirement plan participants carry credit card debt, reducing contributions and lowering account balances by up to 40%, according to J.P. Morgan Asset Management. The study ...
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Gen X is facing retirement with higher credit card balances. Does this matter?
Debt can be useful at times, but carrying high-interest debt may spell trouble in (retirement) paradise.
Overwhelmed by out-of-pocket medical costs, Valerie Towe and her husband, Paul, saw their debt load begin to swell last year. Facing a steady stream of bills for 77-year-old Paul’s chronic obstructive ...
In the 1980s, 38% of U.S. households headed by someone over age 65 carried debt. Today, the percentage has jumped to 63%, with credit cards being the most common type of debt among the retirement-age ...
A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries retirement researchers. More than two-fifths of retirees carry balances ...
If retirement planning came with a report card, a good portion of Americans wouldn’t rush to hang it on the refrigerator at home. From financial uncertainty to rising living costs, more people are ...
J.P. Morgan's latest research shows most Americans don't know their retirement savings target, leading to underfunding ...
Forbes contributors publish independent expert analyses and insights. I write about the non-financial aspects of retirement planning. When the movie “About Schmidt” came out in 2002, our neighbor Gene ...
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