How to Get Out of Debt Before Retirement

Avoid additional debts

If you are intent on leading a debt-free retirement life don’t take on new debts, especially if you are in your 50s. More importantly, do not co-sign any type of loan for anyone. If the borrower is unable to pay it, you are the one who is responsible. Other people’s debts are the last thing you need when you have your own debt burden to tackle.