Be careful with your debt before retiring says debt expert – CityNews Vancouver

CALGARY (660 NEWS) Would you want to go back to work at age 70 after youve already retired?

A debt help expert says many Canadians need to take a hard look at their mortgage and consumer debt before they retire.

Laurie Campbell, CEO of Credit Canada says for many seniors outliving their savings is a real fear.

The problem lies in the fact that once they retire, its very hard to get back into the workforce and so a lot of seniors are struggling and trying to figure out when they should retire or if they already have retired, how can they get back into the workforce.

READ MORE: Albertans carrying more debt than anywhere else in Canada: report

Campbell says a lot has changed financially over the years with savings rates being …

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