Can I afford to retire at 50 yrs?
Date: Fri, 11/27/2009 - 02:37
I'm 35 years of age, married and making around $65,000 a year. I'm planning for retirement fifteen year hence. I know that I need to pay off my debt which is around $16, 000 before retiring and I am working towards it. After expenses and bills I can save around $250 a month. Help me calculate if I can afford to retire as planned. Also suggest me the best way to build the retirement funds.
Have you considered consolidating your debts? I don't know wha
Have you considered consolidating your debts?
I don't know what steps you have taken towards resolving your debt issues but debt consolidation would help you in paying those off faster.
Well yeah, debt consolidation would help you in paying off the d
Well yeah, debt consolidation would help you in paying off the debt but since your concern remains saving for retirement you may consider investing the money that you can save on your paycheck.
You can pay off the debt later with the revenue from your investment.