Should You Be In Debt In Retirement? Here’s How You Can See If You’re Headed For Trouble

As long as I can remember, one of the solid shibboleths in personal finance was “don’t be in debt when you’re retired.”

Although I’m not retired, I know that the household math works in your favor if you don’t have monthly payments. My wife and I paid cash for vehicles whenever we could and made every effort to pay down our mortgage early. We also pay off our credit-card balance every month.