Kevin Crain | Source | Head of Workplace Solutions Integration at Bank of America

They may have had to transition to a different career in their 50s where they earn less money. They may still be fully employed, but that can mean different things. If you’re mired in debt in your 60s, deal with it now if you can. Start to reduce it, even if you take some of your long-term resources and assets to do that. The older you get, there’s more immediacy to it because you’re on a much more restricted time [frame] to handle it.