If your standard of living is going to drop, you've got to pay real close attention to things like your credit rating and staying ahead of unsecured debt such as credit cards, ... That will be worth its weight in gold down the road.
More Quotes from Kerry Hannon:
I'm a big fan of fee-only financial planners. They don't make commissions off of what they suggest to you. You know what their flat fee is up front before you go into a meeting.Kerry Hannon
Don't make any big investments. Have lunch with a friend one day a week, but don't buy a Mercedes.
Kerry Hannon
For women in particular, it's a good thing to remember. It doesn't affect your spouse's payment at all. In fact, they will never know when you start receiving your Social Security checks. But you need to have their Social Security number in hand.
Kerry Hannon
That's one mistake people make. It's sort of a back-of-mind issue. If you're not remarrying, you can put it in your child's name so you retain control but they will inherit it.
Kerry Hannon
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