10 Money Mistakes to Avoid in Your 50s

© Olivier Le Moal/istockphoto

Not Eliminating Debt

It’s not uncommon to reach retirement and still have credit card and bank loan debt said Mitic, of the financial news site Fortunly. “To make matters worse, some choose to finally invest in their dream house, jet ski or favorite Jeep when they are approaching retirement,” Mitic said.

“The best thing to do is the opposite, and try to clear as much debt as possible and make realistic investments.”

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