Before you
retire you should request higher limits on your credit cards. Consider whether
your current limits are enough if you plan expensive travel. When you try to increase
your credit limit online or with phone reps, all they ask for is income. You
can waste a lot of time with an employee who can only provide boilerplate
answers and doesn’t understand that you will pay your bills not out of income
but by tapping retirement accounts. So, even if you think your credit limits
are sufficient, it wouldn't hurt to increase them while you are still fully
employed.
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