Retiring with debt? Most Americans are. Here are some strategies
Featuring Donna McNeill, Chief Operating Officer
21 June 2018
Rhonda and Lonnie Edwards Jr. had good middle-class jobs most of their lives. He worked nearly 35 years in an hourly union job at General Motors. She had a job in Detroit Public Schools for 13 years as an attendance agent and earlier as a parent liaison. She later worked for the state unemployment agency for another 10 years.
"We were just middle-income earners. My goal was to be debt free by the time we retired," said Rhonda Edwards, 63.
Things didn't quite work out that way. The medical bills hit after Lonnie, now 67, was diagnosed with prostate cancer in 2007, just three years after he had taken an early retirement in his 50s.
Click here to continue to Detroit Free Press to read about financial strategies to consider if you are in or near retirement.