Money Wisdom: Don’t Let Debt Ruin Your Retirement

Money Wisdom

NEW HAVEN, Conn. (WTNH) — CT Style Reporter Lisa Carberg, welcomes “Money Wisdom” sponsored by Johnson Brunetti.

We’re educating you about smart ways to manage your money. We hear so often that the debt in this country is so out of control.

Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner to share how someone should prepare for retirement while they still are trying to pay off debt.

The Federal Reserve conducts a survey every three years and the last survey which was completed in 2016 showed the average debt for people between 55 – 64 years was $108,300.

Hogarth shares four ways to manage debt:

  1. Prioritize what debt to pay off first
  2. Develop a financial plan that includes paying off debt and saving for retirement while still in the workforce
  3. Build and maintain an excellent credit score
  4. Retire debt free, with the possible exception of a mortgage

To learn more Money Wisdom tips, click here.

Johnson Brunetti’s goal is to take the fear out of your financial future and give you confidence in what lies ahead.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

About Johnson Brunetti
Johnson Brunetti is an independent Retirement and Investment Specialty firm with neighborhood offices located throughout Connecticut and Massachusetts. Our firm was built based on the foundations of integrity, trustworthiness and creating a sense of confidence for our clients as they approach their retirement years.

Founded in 2003, the firm has grown to a staff of over 35. Joel Johnson, CFP® and our team of experienced professionals have helped and guided over 3,500 families through the retirement planning process.

We offer complete services to address all of our client’s financial priorities:

  • Retirement Planning
  • Estate Planning
  • Asset Management
  • 401K Guidance
  • Wealth Protection
  • Long-Term Care Insurance Options

                   
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.

Johnson Brunetti is a sponsor of WTNH Money Wisdom.

Trending Stories

Don't Miss

More Don't Miss

CT Style Content Disclaimer

The information, advice and answers displayed in the CT Style section of WTNH.com are those of individual sponsors and guests and not WTNH-TV/Nexstar Media Group, Inc. WTNH.com presents this content on behalf of each participating CT Style sponsor.