If you have debts and are approaching retirement, Bart advises you to deal with your debts now, so that when you retire you don't have the added stress of debt payments. (hoyes.com)
Following the pattern of moving in and out of debt not only subjects people to all the emotional stresses of debt discussed above, it will leave them less wealthy in the end, with less money to support their retirement than had they stayed out of debt and been able to later devote the money otherwise spent paying interest to contributing toward their retirement fund. (freefrombroke.com)