)>—_____________________, VA To Save More ForYour Future, Avoid These Four Pitfalls Debt Pitfalls in Retirement | Did You Know? Morethan half of pre-retirees think they'll pay off their debts before retirement, but only a quarter do. Bewareof the following debtpitfalls in retirement: 1. Overspending: Six in 10 non-retired middle-income Boomersreport they are spending as much or more thantheir household income. 2. Credit card debt: aa Credit card debt is the most common form > of debt — 53% of all middle-income Boomers currently haveit, regardless of retirement status. 3. Mortgagein retirement: Nearly 25% of middle-income Baby Boomers have 20+ years remaining on their mortgage. 4. Healthcare debt: Nearly one in five Boomers has medical debt. People tend to prepare for anticipated costs, not the unexpected healthcare expenses. ui Visit www.BankersLife.com/TopTips to download a free booklet on TopTips for Retirees including Reducing Debt in Retirement, Safety & Security, Managing Prescription Drug Costs, and more. To learn more about boomer debt,visit www.CenterForASecureRetirement.com. Data source: Bankers Life Center for a Secure > BANKERSLIFE’ Retirement, July 2016 2017 BankersLife ap) Research suggests most Americansare notfinancially ready for retirement. (NAPSA)—Ifyou're like most Americans 3. Mortgage in retirement: Near- under65, you plan on payingoff all your debts before youretire. However, only one in four actually does, according to a Bankers Life Center for a Secure Retirementstudy. Fortunately, you have a better chance of being among that favored quarter if you avoid these four debtpitfalls: ly 25 percent of middle-income Baby tired middle-income Boomers report they spend as much as or more than their entire household income. 2. Credit card debt: Credit card debt is the most common form of debt—53 percent of all middle-income Boomers currently have it, regardless of retirementstatus. Visit www.BankersLife.com/TopTips to download a free booklet on Top Tips for Retirees including Reducing Debt in 1. Overspending: Six in 10 non-re- Boomershave 20 years or more remaining on their mortgage. 4. Healthcare debt: Nearly one in five Boomers has medical debt. People tend to preparefor anticipated costs, not the unexpected healthcare expenses. Learn More Retirement, Safety & Security, Managing Prescription Drug Costs, and more. To learn more about Boomer debt, visit www.CenterForASecureRetirement. com.
