Debt can be a significant burden for many individuals, especially those in retirement. It's essential to assess and prioritize debts based on interest rates, creating a repayment plan to minimize the amount of interest paid over time. By understanding and organizing debts, retirees can lower their anxiety levels and gain better control over their finances. Key points: #1 Assessing and Prioritizing Debt #2 Creating a Debt Repayment Plan #3 Allocate money into "buckets" for different expenses #4 Reduce discretionary spending, but keep small joys #5 Protecting Retirement Savings Thanks for watching! Timestamps: 0:00 Hello Retirement 1:18 - Prioritize debt 2:43 - Momentum 4:08 - Refinancing 4:56 - Allocate money 6:58 - Protect savings