Seniors Taking Debt into Retirement

From Black Friday to New Year’s Eve, Americans increased their credit card debt and home equity loans to pay for the holidays. The number-one New Year’s Resolution for 2016? Getting out on debt by going on a spending diet. But the biggest trend in debt management among many baby boomers is maintaining a home mortgage during their retirement. Financial advisors warn this new trend could have serious lifestyle consequences for seniors. Watch syndicated financial columnist Steve Savant interview nationally recognized retirement expert Tom Hegna: https://youtu.be/_uq3TA-9eBw.

Tom is a best-selling author with two retirement books entitled Don’t Worry, Retire Happy and Paychecks and Playchecks. Tom also recently hosted the PBS Special, “Don’t Worry, Retire Happy.”