5 ways credit scores impact retirement

Finances are first and foremost when you're planning for retirement, and that means your credit scores need to be strong.

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18Comments
Sep 5, 2013 11:00PM
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are you kidding? my house is paid off, my car is paid off ... I don't care about my credit score....

but "they" don't like this... and "they" keep trying to sign me up for a reverse mortgage.... you also forget, when You get older, your energy level goes down and there is not motivation to keep on spending... with or without credit....

Sep 5, 2013 11:52PM
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If you have to refinance a mortgage you have no business retiring. What a stupid article.
Sep 6, 2013 1:13PM
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The idiots think all retired people are in hock up to their neck, I don't have credit card debt, no mortgage, pay cash for autos,  IT is called PLANNING.
Sep 6, 2013 2:49PM
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That's right Otto1939, having no debt and being retired is much better than a good credit score. Of course a good score doesn't hurt, but is not really needed, just have to be in good shape financially(debt free) et voila.
Sep 6, 2013 8:06AM
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retiree"s worked hardest to get to retire, young woos"S  worked hard to destroy financial security, the wimps are losing, older got there because they learned something, the 30" gen, learned what? financial schemes, live home longer, no one can teach better, or know more, then those that are seniors, who are living, more scammers after their money, unemployment checks they get, should come with a work  for it, appreciation for that check, by americans who are really working, its always been tough to find work, its out there, more given in this 30 plus gen , the waste, is what really irks me, indian casinos are full, of people  on unemployment, give them a job to improve life , for towns , cities, where they live, not just a blank check, or revert it to subsidies, vouchers, spent wisely then, lots of ways to help this country, giving acheck with no expense report is stupid, people will not learn anything with free, unchecked , abuse, waste, put those people to work for pay,i say.  
Sep 6, 2013 12:39PM
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Another way for some big business lazy a zz to squeeze every dime out of your retirement!

Think about it? who does a credit score help? Not the person that has it but the title loans, credit cards and banks who gives the loans! If you can’t pay off a loan at 2% how in the hell is the person going to pay off and 8% or 33% loan Duhh!

Sep 11, 2013 1:35PM
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Take that credit score a stick were the sun don't shine!  It's all a scam.  The financial institutions of this 

country are corrupt and will do anything to get every last cent the government doesn't.

Sep 11, 2013 2:09PM
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Something I reject, is the picture above, off track it may be, but I am so tired of the media showing pictures such as that, with the little woman standing over her husband' while  he is shown handling the finances.  It has never been that way in my marriage, my late husband did not handle the finances, I did. 

 

Women who allow the husband to take care of the finances will be left with little to no knowledge on how to handle their fiances when their husband is deceased.  Wake up Ladies!

Sep 11, 2013 3:00PM
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I agree with bajkc3.  My husband and I both worked for years towards retirement.  He did not enjoy paying bills, and I did.  Planning is the secret.  Our home is paid and clear, as is our automobiles.  We do not answer computer messages, telephone calls, or salutation from any source. Just because we are "old" doesn't mean we are stupid. 
Sep 11, 2013 3:00PM
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My grandparents and parents came from generations where earning and saving were a way of life.  My generation decided they should work less and save less and spend more money on luxuries than necessities, so more and more of them got into debt.  This generation has decided they should work even less, make the government pay for all their necessities, and spend what little money they earn on luxuries.  And it's getting worse and worse.
Sep 11, 2013 3:01PM
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Stop blaming financial institutions, etc.  You are in charge of your own finances.  Plan well.  If you don't, there is no one to blame but yourself.
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