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Unfortunately, misconceptions can also influence retirement strategies especially when it comes to debt.
The truth is these costs shouldnt prevent you from retiring.
In short, there are options to pay off debt while enjoying your retirement.
While helping family is admirable, boomers first financial responsibility should be securing their own retirement.
Children should be independent by the time their parents retire.
Many boomers underestimate cosigning risks, said Alec Kellzi, a CPA withIRS Extension Online.
This can seriously impact retirement plans and limit their borrowing options.
Well, it depends on the situation.
Its about balancing immediate needs with future security.
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