Get rid of that debt before you retire

April 22, 2015 5:04 PM

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Debt is becoming a growing problem in retirement. But like nearly everything else in life, it's less of a issue if you have a plan.

According to the Consumer Financial Protection Bureau, the percentage of homeowners 65 and older with mortgage debt increased from 22% in 2001 to 30% in 2011. Among those age 75 and older, the rate more than doubled, from 8.4% to 21.2%.

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