According to a recent article in the Chicago Tribune’s Sunday “Primetime” section, the number of U.S. households over the age of 65 that are carrying debt has nearly doubled over the past 35 years. The Tribune assembled a panel of wealth management experts to address the growing issue of retirees facing debt in a recent article, prominently featuring Curi RMB Capital partner and wealth advisor Erica Tarantur, CFPÒ, CIMAÒ.
In the article, Tarantur outlines the trends that are driving this increase in debt, examines the types of debt that retirees typically face, such as variable loans like home equity lines of credit, and offers suggestions about how retirees can stabilize their finances and start climbing out from under any debt they’ve incurred.
To read a PDF version of the full article, please click here and turn to page 9. For more information about how to avoid possibly debt in retirement, talk to your Curi RMB Capital advisor.
The opinions and analyses expressed in this newsletter are based on Curi RMB Capital, LLC’s (“Curi RMB”) research and professional experience are expressed as of the date of our mailing of this newsletter. Certain information expressed represents an assessment at a specific point in time and is not intended to be a forecast or guarantee of future results, nor is it intended to speak to any future time periods. Curi RMB makes no warranty or representation, express or implied, nor does Curi RMB accept any liability, with respect to the information and data set forth herein, and Curi RMB specifically disclaims any duty to update any of the information and data contained in this newsletter. The information and data in this newsletter does not constitute legal, tax, accounting, investment or other professional advice. Returns are presented net of fees. An investment cannot be made directly in an index. The index data assumes reinvestment of all income and does not bear fees, taxes, or transaction costs. The investment strategy and types of securities held by the comparison index may be substantially different from the investment strategy and types of securities held by your account. RMB Asset Management is a division of Curi RMB Capital.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investments & Wealth Institute (The Institute) is the owner of the certification marks “CIMA,” and “Certified Investment Management Analyst.” Use of CIMA, and/or Certified Investment Management Analyst signifies that the user has successfully completed The Institute’s initial and ongoing credentialing requirements for investment management professionals.
