Debt & Savings

A very good summary of the debt issues facing those nearing retirement age. If anything, the percentages of folks in their 60's with substantial mortgage debt exceed those outlined in the article. 20 years ago almost none of our clients that age had mortgages, today it is the rule. As the article points out, this age group in general has too much debt and too little savings. Not much of a formula for an enjoyable retirement.