Tag Archives: retired
- I’m a Retired Disabled Veteran And Student Loan Collectors Are Coming After Me. – Francis
“Dear Steve, I am 67 years old and disabiled. I went back to college and graduated 1991. Because of various problems and surgeries, I was put on permanent disability, and was unable to pay back student loan. After a LOT of correspondense back and forth between the collection agencies and the Veteran’s Administration, I was [...]
- I’m 69 And Lost My Job But I Want to Pay My Debts. – Chuck
Chuck “Dear Steve, I am 69. lost my job of 15 years 6 months ago. Am on SS and work odd jobs when I can. Have 56,000 credit card debt, Was ok while working but now am 6 months behind on large accounts, have been struggling to keep others current. I called credit repayment plan [...]
- Will Banks Give Me Special Repayment Terms If I Keep Making My Minimum Payments. – Charles
“Dear Steve, Credit card debt of $80000 and barely able to make mortgage payment. Retired with fixed pension, Social Security income, and some consulting income. Will banks or credit card companies talk with me about reduced payments or creditcard balances if I continue to pay monthly minimum? Should I stop making even minimum credit card [...]
- My Husband and I Are Just Barely Making the Minimum Payments. – Janet
“Dear Steve, My husband and I have about $40,000 in credit card debt. We are just barely making the min. payments. Right now the interest averages about 7.99%. Part of this 40,000 is due to purchasing a used truck in December and charging the 12,000. on a card at 5.99% until Oct 2009. In addition [...]
- I Invested in Real Estate Using Credit Card Convenience Checks. – Tina
“Dear Steve, I borrowed about $40,000 from 4 credit card companies after they kept sending me convenient checks with teaser rates. I had learned from a real estate seminar that this is the way to invest in real estate using other people’s money. I also used some of the money to invest in the stock [...]
- Retired, 45, Pregnant, and Afraid of Losing the House to Foreclosure. – Cris
Cris “Dear Steve, My husband and I moved to a rural town to semi-retire at the ages of 45. We found that after 22 years of marraige, we were pregnant with our first child. We were doing fine with both of us working but after the baby was born, I stopped working to stay home [...]
- I’m Retired and Do What I Want at 49.
“Dear Steve, I lost my job in 2007 at the beginning of this downturn and I am still unemployed. I am almost 59 years of age. Which I believe is why I am not being hired. My spouse WAS planning on retiring in March 09. We have two homes. Our original plan was to sell [...]
- Should We Take Money From Our IRA to Buy a Car? – Brenda
“Dear Steve, Retired – husband 69 and I am 65 Husband worked for a now defunct airline for 28 years so pension is minimal from PBGC. I have an IRA worth about $210K (withdrawing $10K lump sum annually). We are both currently collecting social security. My husband has two part-time jobs and I have one [...]
- 75% of Americans Will Work as Long as Possible to Make Ends Meet
A new study released by Bankrate, Inc. shows that the vast majority of working Americans plan to work as long as they can during retirement age, showing a redefinition of how Americans view traditional retirement plans. The poll, conducted by Princeton Survey Research Associates International, is included in the new Bankrate Financial Literacy series on [...]
- My Husband Was Forced Into Retirement and I Only Get Social Security. – Susan
Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here. “Dear Steve, They retired my [...]
- 73 Year Old Retired Teaching Assistant Drives Credit Cards up to $18,000. – Camille
Camille “Dear Steve, I have a 73 year old friend who, unbeknownst to her son, has driven two credit cards to their limit, approximately $18,000.00 in all. She is a retired teacher assistant and has little to no money left each month after paying the minimums for each card plus her health insurance. She is [...]
- Retired With Debt on Social Security. What Should I Do? – Kent
“Dear Steve, Retired one year ago.Have $37,000 in credit card debt.Payments total $1,200 and my SS is $20,000. I am not behind but struggle to make payments. Several cards have uped my rate to 30.0% only do to my debt to income ratio.Again, not behind but getting nowwhere with cards increasing rates. Considered Banko or [...]