Retirees who carry debt into retirement are notably less confident then those who are entering retirement debt-free. Seventy percent of retirees without debt said they were confident they would be able to live their desired lifestyle, while only 51 percent of those carrying debt said they felt confident about their retirement lifestyle, according to the Institute. It will be important for advisors to discuss how specific financial equations will impact retirement security. For example, the impact of paying out of pocket for a child’s education or asking them to take out a loan should be explored in order to insure debt is eliminated by retirement age, Shiner said.

First « 1 2 » Next