Credit for Retirees
I am retiring from a position as a university professor (I'm 55). Because of the nature of nine-month contracts, I am technically employed until 8-31-17 (making about $75000 annually) and will be retired effective 9-1-17 (with a pension of about $26000).
I haven't thought very much about how credit card companies and other sources of credit will view this change. Will good credit scores be enough to counteract the decrease in income? If I plan to withdraw from my savings/investments, can/should I include that in my income? Does it matter if it's gains/interest or principal? Are any of the credit card companies more/less skittish about the decrease in salary, i.e., are there any cards I should apply for sooner rather than later? Is there anything else I should do while "employed"? (I am eligible for retiree medical insurance, so that should not be an issue.)
I have lots of credit for anything I would need to charge and am satisfied with my routine cash-back opportunities, but I was thinking of going for some sign-up bonuses. If any of you have any input about my questions or questions I haven't thought to ask, it would be appreciated.
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