Debt reduction is a critical component of retirement planning, since you’ll be on a fixed income and facing pressure to keep pace with mounting costs. Interest expense just adds pressure–especially high-rate credit card debt.

That’s why it’s well worth your time to understand the new consumer protections on credit and debit cards that take effect this month. The New York Times offers a good summary of the changes in this video.

Related posts:

1. Getting rid of credit card debt as retirement approaches
2. Credit cards, medical expenses push more elderly into bankruptcy
3. At MoneyWatch.com: Cut your debt before retirement
4. Federal benefits via debit cards gain momentum
5. Supreme Court rules in favor of older workers

Tags | debt