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The Biggest Change to Retirement in Decades May Be Hiding in This One Number
['Christy Rakoczy Bieber Is An Attorney Turned Personal Finance Writer Who Has Spent Years Helping Readers Understand Social Security', 'The Claiming Rules', 'The Policy Shifts', 'The Fine Print That Can Mean Thousands Of Dollars In Lifetime Income. Her Work Has Appeared In Kiplinger', 'Forbes', 'The Motley Fool', 'The Wall Street Journal.']
FinanceBuzz
A recent study conducted by Visa revealed that there has been a significant increase in the number of seniors who carry mortgage debt into retirement. Unfortunately, the bigger debt burden is not harmless for retirees with lingering mortgage debt that they still have to pay in their senior years. While having a mortgage may be the new normal, it could also cause financial stress for retirees who need extra income from their retirement plans to cover housing payments.