What is going to happen when my generation reaches retirement age after paying the equivalent of two mortgages worth of debt?
Did you know that renting a car with a debit card will hurt your credit rating? I didn’t. So will closing a credit card that has a zero balance.
At least that’s what AARP tells me and for now, I’m taking their word for it. But let me back up for a moment.
As a lot of people reading this blog know from personal experience, barring the unlikely event of winning the lottery or receiving some other kind of unexpected windfall, what money you’ve got right now in retirement, is pretty much what you’re always going to have.
Lucky for my blood pressure that I don’t watch much TV. I get furious every time I see one of AARP’s ads warning Congress that every senior will go to the polls and vote OUT any legislator who dares to reduce Social Security or Medicare benefits.
— Can Japan’s spirited youth save their ageing nation? [Reuters]Secondary SidebarDr. Bill Thomas Presents: Dr. Thomas’ Age of Disruption Tour visits 30 cities in 2016 to introduce audiences to a new and highly disruptive understanding of aging. Visit DrBillThomas.org to learn more — Beware of debt relief scams. [Boomer Consumer] — Drug trials exclude older […]