Credit card debt can be crushing. The interest rates being charged are really high. Ideally, you do not want to charge any more to a credit card than you can pay off in full every month. But, if you are carrying credit card debt, our financial tools calculator can help you determine how long it will take to pay it off.
Is it time to move to a smaller home, or perhaps buy a home in the location you plan to retire to? What about the vacation home on the lake that you enjoyed as your children were growing up? Is it time to sell it? As you consider these options, also look at your finances. If you are not able to pay cash for the new place, how long into your retirement years do you want to be making mortgage payments?