People preparing for retirement are wise to get all their ducks in a row—including paying off any debt that can be eliminated before they retire and find themselves on a fixed (and often substantially reduced) income.

Among the types of debt people carry, a prime target for such a payoff is credit card debt.

With the high rate of interest typically charged when a person carries a balance from month to month, it only makes sense to pay it off as quickly as possible.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.