More Americans Are Retiring Broke — Break the Cycle Now With These Money Moves

Most Americans look forward to retirement as the time when they can relax a bit financially. By the time you stop working, the hope is that your house is paid off, your debt is minimal and your monthly expenses decrease. Unfortunately, for a growing share of Americans, that model no longer reflects reality. Today’s retirees are increasingly entering retirement with mortgages, credit card balances and auto loans still in place. According to the Federal Reserve’s Survey of Consumer Finances, the share of h ...