Why You Should Be Debt-Free In Retirement
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said people who are fit and can find consulting or contract work may keep servicing debt from that income, and pointed out that lenders generally do not extend loan tenures beyond retirement except in some rate-hike cases.
More of Abhishek's views on retirement
The article discusses why retirees are better off without loan EMIs, using the example of a government employee who raised his EMI to finish a home loan before retiring. It covers the benefits of being debt-free, repayment methods such as the avalanche and snowball approaches, and options for loans that run past retirement.
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Why You Should Be Debt-Free In Retirement