Growing up means responsibility, but it also means you (should) have the tools and experience to tackle everything that comes your way. For those of us who have accumulated some means by middle age, your family will naturally turn to you as a source of financial stability. Your children may ask for support with school, cosigns, and larger purchases, your siblings may need help with elderly parents… it often seems like there is never enough time or money to go around. As retirement draws near, you may be starting to understand what all the fuss in the media is about – many aging Americans are forced to work well into their 60s and 70s, and without the proper financial precaution, may never be able to retire. Working until the day your aching bones are no longer able to do the job is not exactly the American dream.
Being able to retire on time and in a comfortable manner is not only about earning enough money – it’s about handling your debts. If your debts are the anchor around your neck weighing you down from a much-deserved retirement, then it’s time to get serious and formulate a plan for tackling them. An experienced Florida bankruptcy and retirement lawyer can help you plan for your future and get a plan of action together for tackling your debts.
Financial Freedom Means Paying Things Off
If you have a job and you’re healthy enough to keep working until 65, then take a moment to count your blessings. If you own a house and a car, even better. A paid off car and a paid off house is one of the best paths towards retirement anyone can hope for these days, even if you don’t have much cash in the bank. A paid off house can be an emergency resource in a multitude of ways. Family members can stay with you if they are unable to pay their own mortgages or rent. If you are in need of a large amount of cash in a pinch, you can take out a home equity loan or reverse mortgage. If you eventually need to enter a nursing home as a Medicaid beneficiary, your spouse can keep the house.
Getting Rid Of Debts With The Help Of A Lawyer
If you have significant debts, you may be considering filing for bankruptcy protection. While this is not the right step for everyone, and filing for bankruptcy is a serious endeavor, it allows you to discharge debts like old medical bills and credit card debts that have been weighing heavily on you for decades. The majority of our clients in such situations file for chapter 7 bankruptcy protection, allowing them to quickly discharge eligible debts without having to liquidate any assets. An experienced Florida debt lawyer can help you plan for the future and find ways to handle your debt.
Contact Us Today
If you’re getting close to retirement age and struggling with debt, you may need professional help. Sitting down with a Florida bankruptcy and retirement lawyer may be the first step towards reaching your retirement goals. Call BCN Law Firm to consult with a trusted Florida bankruptcy and retirement lawyer today.