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Celebrate financial independence | Retirement Blog, Bankrate, Inc.

3 July 2014—Center's research is mentioned by Jennie L. Phipps, Bankrate.com

It's the Fourth of July. How close are you to achieving financial freedom? ..

If you look around at the people you know who appear to be happy in retirement, chances are many of them aren't wealthy but they are free from financial hardship, and they have reached a point in their lives where money doesn't drive their decision making.

Take these seven steps to put yourself on the retirement planning path to financial independence.

Pay off your debt. Some 41 percent of workers 55 and older told the Sloan Center on Aging and Work at Boston College that they had as much in credit card debt as they did in retirement savings; 30 percent said they had more credit card debt than savings. That kind of ratio makes freedom hard to achieve ...

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