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Clear & Simple Home > Seniors
Seniors
Living in Retirement
Your years of working have brought you to retirement, but the work is not over yet. Keeping your debt under control will be important to getting the most out of your assets during retirement.
Generally speaking, living in retirement means living on a fixed, and often reduced income. Reassess your budget and understand your interest rates and what the late fees are on all of your debts. Avoid late fees to ensure they're not adding to your debt. Chase offers a range of tools to help you control your credit card accounts so that you can avoid paying fees and preserve your lowest interest rate. Take advantage of reminder systems, like Chase's Free Alerts, that can help you keep track of when payment due dates are approaching or when you are nearing credit limits. Also, if your credit card issuer offers it, consider selecting a customized payment due date that may be more conveniently timed with social security payments or other income streams.
If you are having difficulty making payments, call your lenders and discuss your situation.
Here's some more general information that may be helpful as you plan your finances.
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Medicare is health and hospitalization insurance for people older than 65 or for those who are disabled. |
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The United States Social Security Program, started in 1935, is meant to provide supplemental support for retired or disabled persons in the United States. |
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