tag:blogger.com,1999:blog-5601819916630680133.post5287970522691686267..comments2024-01-23T23:07:00.959-08:00Comments on GRACEful Retirement: Grandma Goes In DebtGrace.http://www.blogger.com/profile/03557395027685855901noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5601819916630680133.post-4355783273635925222009-09-02T18:23:18.031-07:002009-09-02T18:23:18.031-07:00Cash will always be king. Before retirement have a...Cash will always be king. Before retirement have all your debts paid off, and reduce your credit cards to one that you can pay off each month. It can be done. The freedom is worth it.<br /><br />See YaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-42723475475749085732009-08-30T22:15:18.068-07:002009-08-30T22:15:18.068-07:00To avoid having credit card debt, each user must b...To avoid having credit card debt, each user must be responsible enough in handling their finances. Instead of using a credit card, if you have enough cash to spend then better use it. Or look for a credit card company that offers lower interest rates. As much as possible pay the principal amount that you borrowed to reduce your debt.<br />___________________<br /><a href="http://beyond-bankrupt.com" rel="nofollow">Avoiding, Understanding and Surviving Bankruptcy</a>BeyondBankrupthttp://beyond-bankrupt.comnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-28861581447507358412009-08-30T17:54:22.175-07:002009-08-30T17:54:22.175-07:00There was an article in today's NYT about elde...There was an article in today's NYT about elders divorcing in order to keep the surviving spouse from becoming destitute. This aging business is not for the faint of heart...Florencehttps://www.blogger.com/profile/01157294752967287405noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-88946800024252954322009-08-30T17:13:04.936-07:002009-08-30T17:13:04.936-07:00My own MIL was in dire straits with credit card de...My own MIL was in dire straits with credit card debt but didn't tell anyone until a creditor threatened to put her in jail! Oh, how I wish I spoke to that person....<br /><br />She ended up doing a reverse mortgage, and has a sizeable amount of cash to utilize until she dies. (She is in her 80s). She, unfortunately, is only living on her husband's social security. When he passed away, she was left with about 60% less income.<br /><br />I think the elderly are taken advantage, and in my MIL's case, her charges were because of the numerous medications her husband was on. Some of the medications cost around $500.00 (for the month!) Criminal.Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.com