Retired and sued for debt? Here's what creditors can (and can't) take

Retirees facing collection activity should understand which protections could apply to their income and assets. Pla2na/Getty Images Retirement is supposed to usher in an era of financial stability and predictability, and for some retirees, it does. But for many older Americans, the pressures of today's rapidly rising living costs , coupled with their lingering high-rate credit card balances and expensive medical debt, are creating new financial issues that are adding to the stress on their …