9 Things Everyone Must Do Before Even Considering Retirement

4) Pay Off High-Interest Debt

Having to pay off debt can eat into your nest egg over the years. Because of this, try and pay off as much debt as you can before you retire. This is especially true for high-interest debt, like credit cards. If you can, try to make bi-weekly payments on your credit card in the months leading up to your retirement. Also, try and use the card as little as possible when you’re out and about. Also, try to pay off student loans and auto loans before you retire. This way, you won’t have to worry about paying the interest on those loans when you leave work. Try to find places where you can cut back a bit in spending each month, and put that extra money toward paying off your debts.