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If you're planning to retire in the next few years, you might have some trouble qualifying for a mortgage. While lenders can't deny you a mortgage based on your age, they can take your future ...
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Millions of Americans spend their working days dreaming about retirement. Yet millions of Americans also fail to take the crucial financial steps they should take before becoming a retiree. Don ...
Carrying heavy debt into retirement is a problem. Whether it’s credit card debt, a mortgage, or student loans, debt drains your retirement savings and increases stress during what should be a ...
Social Security: Social Security payments are another aspect of retirement income that can help make up for a lack of retirement savings. The average Social Security check for a retired worker was ...
For example, if your pre-tax monthly income is $8,000 and your mortgage payment is $2,000, you have a front-end ratio of 25% (meaning that your mortgage consumes 25% of your income).
Image source: Getty Images. If you're planning your retirement party for 2025, take some time to review the following five things to ensure you won't be caught off guard by the financial transition.
Homeowners closing in on retirement have the extra benefit of their home equity to work with, which could facilitate any number of moves that could benefit their retirement. Learn More: 7 Things ...