How to avoid carrying debt into retirement

04/25/2012 | CNNMoney

Pre-retirees should pay down high-rate debt first and then do all they can to eliminate other debt before they stop working, experts say. Mortgages should consume no more than 15% of income during retirement, one expert says. But those who have most of their savings in low-interest, fixed-income vehicles should consider selling some of those investments and paying off their mortgage.

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