Nov 29, 2024
Managing your money in retirement is much simpler when you don’t have to debt to account for, but there are times when debt isn’t necessarily a bad thing. In this week’s Money Wisdom question series, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle a listener's question about whether it's wise to carry debt into retirement. This discussion addresses the pros and cons of carrying debt into retirement, particularly focusing on mortgages and home equity lines.
Here’s what we discuss in this episode:
0:00 – Intro
1:19 – Today’s question on debt
1:46 – Good debt vs bad debt
3:11 – Threshold for good debt
6:30 – Debt in retirement
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