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Retire without Debt

By May 31, 20182018, Newsletter

Only 38% of American retirees are debt free. The type of debt may surprise you—mortgage, credit card, auto loan, and even student loan. The impact of debt on a fixed income can be distressing as it reduces discretionary spending and, in some cases, forces retirees to cut their standard of living.

Source: Society of Actuaries® 2017 Risks and Process of Retirement Survey – Report of Findings

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