Wednesday, July 24

A Credit Score’s Impact on Retirement…and 5 Ways to Keep It High

credit score's impact on retirement
Photo by REDPIXEL.PL at Shutterstock

Your credit score’s impact on retirement could significantly affect you. Let’s find out how!

You may have followed your credit score closely during the years you were working when milestones usually coincided with credit checks for car loans and mortgages. But certain factors related to credit change when you enter retirement.

Like the fact that you might not have any plans to buy a new car or a mortgage anymore. When asked, only 16% of baby boomers were concerned about their credit score’s impact on retirement, according to a 2017 survey.

But before brushing this topic to the side, it’s essential to carefully consider whether you will need good standing credit during your retirement years.

…Find out your credit score’s impact on retirement by clicking “Next!”

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