Bankruptcy & Retirement

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.