 Saving you money, I'm Hillary Varsky. An increasing number of older adults are in debt during retirement, according to a Federal Reserve survey. If debt is straining your retirement budget or you're paying a high interest rate, a pay-it-off plan is critical. And there are some things you can do to make it happen, like picking up side work. You can supplement your retirement savings and Social Security benefits with part-time earnings, which can make your money go further.