4. Still carrying a credit card debt
By the time you’re 50, you should be out of revolving debt, such as credit card purchases and use that money to help you prepare for retirement, plus, when you’re ready to enter your golden years, you don’t want a debt burden during a time when you’re no longer earning a salary.
Unfortunately, debt has been steadily rising amongst people of retirement age: According to recently released research by the National Center for Policy Analysis, in 2010 the average credit card balance for people ages 65 to 74 was $6,000, compared with $2,100 in 1989.
Next issue, the place to retire.