Don't Let Debt Sabotage Your Retirement

Borrowing money can enable opportunities otherwise out of reach financially, such as pursuing an education that can lead to employment, buying a car and facilitating a home purchase. However, if not managed effectively, it can undermine your financial well-being.

Careful planning can lead to better outcomes. Although it’s hard work, it’s much easier to successfully address debt-related issues while you’re still in the workforce than to wait until retirement and face the risk of insolvency.

Catherine Collinson authors this article from Next Avenue and provides six essential tips on how to manage debt effectively.

Read here.