A Look Back on the Retirement Blog

Posted by: Sophie H. | Dec 23,2007


Phew, it’s been a big year!  I mean, we only started this blog in September, but a post a day seven days a week is a hefty load.  Like the rest of my blogging brothers and sisters (I’m so proud!) I want to put a call out and ask what you’d like to see on the Experts on Credit Blog in 2008.  It’s going to be a big year.  As Gene, the Boomer, says, all those Baby Boomers are one year closer to retirement so retirement is a growing issue (and potential problem) for millions of people.  

But this corner of the EOC blog is for more than Baby Boomers.  Maybe you’re deep into retirement.  You could even be the parents of Baby Boomers.  Maybe you’re the children of Boomers and are thinking about retirement planning yourself – starting early (possibly unlike your parents).  My goal here has been to cover the gamut: from early retirement planning to helping those who are well past retirement age.  

Most definitely, my focus on the blog has been how to get out of debt before retirement.  High-interest debt can cut into long-term savings, no matter how diligent you’ve been about adding money to a 401(k) or Roth account.  The interest on high-interest credit card debt can cut retirement savings in half, so I’ve focused a lot on the necessity of reducing credit card debt before retirement.  In 2008 I’d like to concentrate on sound ways to reduce debt, before you have to take a drastic move such as debt settlement or even bankruptcy.  My aim is to help you avoid the latter at all costs.  Again, I’m open to all questions and concerns.  

I love checking the news every day to see how retirement is covered out there in the webosphere, especially in relation to credit issues, so I hope to bring you some interesting links and tidbits from around the web. Identity theft is a big issue for older people so I’ve covered how identity theft affects retirees and how to avoid it.  

My basic goal here is to help you save adequately for retirement in a diversified number of ways.  Too often, this is put in terms of what you add to a retirement account – whether it’s in a liquid savings account or locked in a 401(k) – without factoring how much is paid out due to debt.  I cover the gamut, and as the economy gets tighter and people are becoming more money-conscious, people will always be looking for some tips to save money.  Leave a note in the comments on any post or in the forums and I’ll address your concerns.    

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