Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.

Author: Ingvar - Retiree In Training  

Working after retirement

In a recent USA Today article they talk about seniors racking up credit card debts with no intentions of paying it back. Interesting.  Only 4% of retirees delayed their retirement due to debts. It is also amazing to see that 30% of retirees have no savings and most retirees have some form of debt when they retired.

What does all this mean? Well, the little know secret is that when you die, your debts get settled from your estate. If there is not enough money - the creditors are out of luck. Your kids don't inherit your debts. So if you can plan your retirement estate with no assets, just debts - well - that's one way to finance your retirement if you can stand the moral pressure.

Just info for your entertainment!

Here's a site about credit cards.


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