There is a real possibility you can pay more in taxes in retirement than when working due to a loss of deductions like college loans and mortgage interests, as well as if you have a healthy nest egg due to minimum required distributions and social security combined. (financialsamurai.com)
Retirees with a healthy nest egg may be approached by friends or family members looking to borrow money in times of need or perhaps to invest in a business venture. (retirebeforedad.com)
But if you don't have a healthy nest egg, you'll probably earn more by investing your money now, than you would by using it to pay down an inexpensive debt. (lauradadams.com)