MNP Ltd.

MNP Ltd.

April 12, 2013 12:51 ET

A Consumer Proposal Can Help You Retire Debt Free

CALGARY, ALBERTA--(Marketwired - April 12, 2013) - The strategy to become retirement ready includes not only paying down your mortgage and making regular contributions to RRSPs, but should also include paying off debt, perhaps with help from professional debt relief solutions such as a consumer proposal, debt consolidation or filling for bankruptcy.

While many Canadians spend their working years looking forward to the day they can retire, few actually have a strategy in place to ensure that those years will find them financially secure. For some, retiring at 65 will mean a reduced monthly income and a lower standard of living than they have now. Others will not be able to fully retire, but will continue to work so they can afford their household expenses. However, if you take the time to develop a retirement strategy that includes professional debt relief services, you can take control of your finances and become more retirement ready.

Top 5 Debt Relief Solutions to Help You Become Retirement Ready

1. Consumer Proposal with your local MNP Ltd. Trustee - This alternative to bankruptcy may be your ideal option if you owe several debts totaling less than $250,000 (not including your mortgage). You'll make a single monthly payment for a specified amount of time.

2. Informal Debt Settlement - Talk to your creditors about obtaining a lower interest rate or repayment schedule.

3. Debt Consolidation - If you have multiple debts that carry high interest rates, this may be the most appropriate debt relief solution for you.

4. Professional Credit Counseling - Simply talking to a professional can help you become debt free.

5. Bankruptcy - Contact your local MNP Ltd. Trustee to see if this option is right for you. In many cases there are alternatives!

About MNP Ltd.

With more than 130 offices across the country, MNP has become one of the largest chartered accountancy and business consulting firms in Canada. At MNP, finding the right solution starts by understanding you and your vision. To learn more about how obtaining debt relief can help you plan for your retirement, visit MNP Ltd. at today!

Contact Information