 TITLE: How to Pay Off Debt in Retirement CONTENT: Review Debt Pay-Off Options\n---------------------------\nOnce you've calculated how much you owe, you can decide on a method to attack your debts. Two strategic approaches to paying off debt are the avalanche method and the snowball method. With the debt avalanche plan, you make minimum monthly payments on all debts except the one with the highest interest rate. Each month, pay as much as you can toward that debt until it's paid off. Then focus on the debt with the second-highest interest rate, and so on.\nThe debt snowball plan prioritizes the debt with the smallest balance. Make the minimum monthly payments on all other debts, and put as much as possible toward your smallest debt until it's gone. Then move to the debt with the second-smallest balance, and so on.\nThe avalanche plan typically saves you more money on interest, but the snowball plan gets faster results, which can motivate you to keep paying down your debt.\nHere are two other ways to pay off debt. END