Sentences with phrase «payments approaching retirement»

Not exact matches

What it looks like: This approach often works when a couple prioritizes saving together for shared goals (emergency fund, down payment for a house, retirement) and is able to live off one salary.

Perhaps one of the more frequent questions asked by people approaching retirement is: Should I start taking CPP payments early?

Some of the things you should be collecting before you approach a bank include your tax returns for the last year, pay stubs, bank statements, W2s, statements for investment or retirement accounts and a list of your debts, with the amount owed and your monthly payment.

If you can afford the higher payment, it is in your interest to go with the shorter loan, especially if you are approaching retirement when you will be dependent on a fixed income.

They might focus on the debt side a little too much where they pay extra on their mortgage payments and they have very little liquid capital to provide any type of retirement income, and they might think that will be a safer route approaching retirement where in actuality that might be the opposite thing they should be doing.»

Bart advises people approaching retirement age to work to reduce debt before they retire, so that they don't have debt payments to worry about when they go on a fixed income.

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.

This kind of loan is also advantageous to people approaching retirement, because the fixed payments make it easier to plan their finances.

One approach is to leverage what funds you have: Extend your college - loan repayment period to lower your monthly payments and use the extra cash to start building a retirement nest egg.

Granted, if you're approaching retirement and are close to paying off your mortgage, it may make sense to up your payments if you want to retire debt - free.

Due to these two approaches, the Supreme Court was inclined to think that the effect of the Directive is that it is unlawful to discriminate against part - time workers when a retirement pension falls due for payment; however the correct approach did not appear to the Supreme Court to be sufficiently clear.