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Are Personal Loans a Bad Idea for Retirees? Experts Weigh In
Yahoo Finance·2025-11-19 23:55

Personal loans often come with a bad reputation, but they can make sense when you’re juggling multiple debt payments and dealing with high interest rates. However, borrowing in retirement raises unique concerns. Learn More: Dave Ramsey Warns — This Common Habit Can Ruin Your Retirement Try This: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home In many cases, retirees deal with fixed incomes, limited cash flow and a goal of making savings last, and taking on new debt can be risky. So when, ...