Retirement Mistakes We All Make (Part 2): Failing to Pay Off Debts Before Retirement

Entering retirement with debt can delay your plans and limit your lifestyle. In this episode of our Retirement Mistakes series, we talk about failing to pay off debt before retirement. We share our personal experience of buying a new, reliable car close to retirement, why we chose strategic debt, and how our payment plan helps us avoid delaying retirement. This episode is for anyone planning retirement, thinking about car loans, mortgages, or credit card debt, and wondering if they can retire with debt responsibly. #RetirementMistakes#RetirementPlanning#RetiringWithDebt#DebtBeforeRetirement#PersonalFinance#StrategicDebt#FinancialFreedom#CarLoan#PreRetirement#MoneyTalks Timestamp: 0:00 Introduction 1:00 Story of our old van and why we bought a new car 1:51 Addressing " Why not buy a used car" 2:52 Other types of investments and how they affect retirement 3:33 Debts can be strategic vs reckless 5:20 Examples of Retirement strategic debts 6:05 Dave Ramsey's advise on buying cars 8:00 How to deal with debts 8:46 Lessons and advices 9:46 Final thoughts: Should debt delay retirement? 10:15 Episode 3 "Relying on kids for your retirement" and outro 👉 This is Part 2 of our 3-part Retirement Mistakes mini series. Part 1 and Part 3 will cover other common mistakes people don’t realize they’re making until it’s too late. Check out our channel for more videos : https://www.youtube.com/channel/UCwZEfU5vkYMM8_ft_xwaz3g for business inquiries: haven.eileen@gmail.com