• Question
  • Extra money to pay bills

    Asked by a 79 year old man from Houston, TX on 6/12/2012

    need little extra to pay off old bills.

  •  
  • Categories: Paying Off Debt, Retirement Planning

Answers

  • Editorial 


    NewRetirement

    San Francisco, CA

    Get a FREE phone consultation
    with an advisor. Learn more...
  • Carrying debt in the form of old bills into retirement is definitely a bad idea.

    Good for you for trying to find ways to retire the bills!

    When living in retirement on a fixed-income, you will not have more money tomorrow to pay off the debt than you do today. Eliminate this debt as fast as possible to save money.

    We hope you found some ideas in the NewRetirement Calculator!
    https://www.newretirement.com/retirement-calculator/default.aspx

    We have recently updated some of our functionality and now have a new section devoted to debt and various ways you can pay it off:
    https://www.newretirement.com/retirement-calculator/overview.aspx

    A part time job is another excellent way to find the resources to pay off the debt.

  • Login to rate this answer:   Answered on 6/12/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.