Bankruptcy & Retirement
When you retire, your income decreases but your expenses usually stay the same. As a solution, retirees may begin to borrow money or use credit cards more often. After retirement, bankruptcy is most often not the best solution.
Steps to take:
1. Talk to a bankruptcy trustee to consider all of your options
2. Write out a monthly and yearly budget, figure out what you spend monthly, then figure out what you can adjust
3. Set financial goals (1-3-5 year)
4. Set aside money to give yourself a gift after expenses are paid. This will help you look forward to something
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.