Are you a Lockheed Martin employee nearing retirement and still holding a fair amount of debt? Are you wondering what to do with your debt? If you’re like many other Americans who are in this same boat, then keep reading for valuable suggestions.
Just like most of Americans, you may carry some debt. However, you are in a different situation because you’re nearing retirement and see the looming debt payments and a lower fixed income. This can be scary if you’re not prepared. Let’s discuss how to get out of debt before you retire. Here are five things you can do NOW:
- Call credit card companies to request a lower interest rate – many will do so if you have a good history with them
- Make extra payments – pay off little debts first; it feels so good to have them gone
- Snowball your debt payments
- Work overtime or side jobs to earn extra income
- Trade vehicles with high payments for one with a lower payment or no payment at all.
We see this quite often and are able to develop successful plans that will allow pending retirees to retire comfortably and confidently. If you’d like us to develop a plan for you, give us a call! We’d be happy to help.
WANT MORE LOCKHEED MARTIN INFORMATION?
Want to get better educated on Lockheed Martin retirement strategies? Then download our free report, Retire with Confidence: Top 4 Things You Can Do to Maximize your Lockheed Retirement.
Be sure and check back next week for more valuable Lockheed Martin information. Cheers!