Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Improve your longevity literacy so you don’t retire too early (or late), then learn how debt affects your credit score.
This Week in Your Money: Sean Pyles and Liz Weston delve into the significant yet often overlooked concept of longevity literacy. They discuss how a common misunderstanding about life expectancy can lead to retirement planning missteps, and they share a life expectancy calculator for estimating your life expectancy.
Today’s Money Question: Sean and Liz debunk common credit score myths, such as the idea that you can’t have good credit scores without debt. They explain how different types of credit accounts, like revolving accounts and installment loans, can affect your credit score, as well as the importance of managing credit card use.
