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Experts indicate that people should retire with about 90% of their working income and many do. However some retirees forget that as they use their retirement savings that % drops as time passes.

My wife and I did what many of you did we stayed debt free our working lives and only used debt on our home to utilize the mortgage deduction for tax purposes. We moved a number of times freeing up our equity and upping our investment in a home. We were fortunate to sell our home just prior to the housing bubble burst paying off the small mortgage that we held for tax deduction purposes.

I read a survey recently were thy pooled people in various age groups and many including those close to retirement said they did not intend to retire
Now we know some will change their minds and we know some will be forced to retire for reasons beyond their control but I found it intriguing tha upward of 67% said they would not retire.

Insurance companies do used credit scoring as a one of the means for its underwriting. A credit card or if you will buying on credit using any device is a kick/cut kind of thing. If you use it wisely i can be your friend but if you abuse it ,,,,,well your really abusing yourself