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Entering Retirement in Debt
More people are starting to carry debt over in to their retirement that is difficult to pay off on a fixed income. These debts are usually made up of combinations of credit card debt, student loans, and mortgages. Student loan debt is becoming the most common form of debt as the cost of education rises and older people start entering higher education at a higher rate. Debt is already a hard hole to dig out of, but becomes exponentially more difficult as you enter retirement and start living on a fixed income. For more information visit this article by Kelley Holland with MSN.
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