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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 60s and Up—The Retirement Years

Section 3 of 11:
REAL ESTATE:
Owning vs. Renting, What Is Right for You?
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Each section of this report contains useful tips, techniques and
action strategies that you can implement right away.  Combined
together, these tips and strategies are designed to help you learn
how to micro-manage your funds so that your money multiplies
itself.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

REAL ESTATE:
Owning vs. Renting, What Is Right for You?

By the time you retire, your children probably will have left your
home, and you might have more space than you need. Some
retirees sell their home and move into a smaller rented apartment
or a retirement community, either in the state where they have
been living or in a more benign climate.

If you sell your home, reinvest the proceeds in income-producing
stocks and bonds. Remember, you can avoid all capital gains taxes
on the sale of your home as long as your profit is less than
$500,000 for a married couple filing jointly or $250,000 for a
single, and as long as it has been your primary residence for two of
the past five years.

If you remain in your home, pay off your mortgage, if possible; you
do not want to expend your income on monthly debt. You might
take out a reverse mortgage, in which the bank sends you a
monthly check until you die. The amount is based on the value of
your home, your age and life expectancy, and the interest rate
on the mortgage.

Also consider various forms of real estate as income producers.
Rental real estate—as long as the rent is higher than your operating
costs—can be attractive though you may not want the headaches of
being a landlord. You can also earn significant income without
management hassles by buying into real estate investment trusts
(REITs), real estate mutual funds, or income-oriented
real estate limited partnerships.

HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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RESOURCE | RESOURCE | RESOURCE
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Everyone’s Money Book on Real Estate
by Jordan E. Goodman

The ultimate dream for most Americans, despite some of the hurdles it poses, is owning a home. See how Everyone’s Money Book on Real Estate can help you get the most for your money, whether buying, selling or investing…..

www.MoneyAnswers.com/bookstore/

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EXTRA INFO | EXTRA INFO | EXTRA INFO
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In the market for a home?

ARC Loan
http://www.arcloan.com
1-888-ARC-LOAN

The Automatic Rate Cut Loan is a mortgage in which the rate only
adjusts downwards and never goes up. You can use and ARC Loan
to finance a new home or refinance an existing mortgage.

=============================================
SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 60s and Up—The Retirement Years

Section 4 of 11:
CREDIT:
What Exactly Is Good Credit?
=============================================

Credit has become so ingrained in the U.S. consumers psyche that
it is hard to imagine our lives without it. For example, you would
find it difficult to check into a hotel, rent a car, or buy an airline
ticket without a credit card.  You probably could not afford a home
without assuming a mortgage.  And you might never make it
through the Christmas season without charging your purchases on
your retail store accounts and paying for the gifts over the next
several months.

Yet many people who have abused their borrowing privileges find
themselves cut off from this normal world of commerce because
they no longer qualify for credit.  To ensure that you do not join
these ranks, learn all you can about credit and how to make the
most of it.

Use this report and the tips included to help you take control of
your credit obligations, increase your wealth, cut your taxes and
buy what you need when you need it without paying a king’s
ransom in interest.

Combined with the tips, techniques and action strategies included
in the other sections of this report, you can learn how to micro-
manage your funds so that your money multiplies itself.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

CREDIT:
What Exactly Is Good Credit?
Try to minimize debt as much as possible in your retirement years.
Because you no longer have a salary to produce income for debt
payments, debt is particularly burdensome when you are retired.

Use debt for the convenience of arranging large purchases, such as
a new car or extensive travel. Before you take on such an
obligation, however, make sure that you have the income to pay
off the debt quickly. One of the worst situations a retiree can face is
to struggle to pay off large balances on credit cards that charge
double-digit, nondeductible interest rates.

By your retirement years, you will have established an extensive
credit record. If you have handled debt responsibly and
paid your bills on time, you will probably receive continuous offers
of credit cards and unsecured lines of personal credit. Accept these
offers only if you need to borrow for a specific large purchase.
Otherwise, having these credit lines may tempt you to assume debt
unnecessarily.

On the other hand, if you have established a poor credit record,
littered with overdue bills and default judgments, you will have a
hard time obtaining credit. The Equal Credit Opportunity Act
specifies that you cannot be denied credit because of your age, but
lenders certainly can turn you down if your
income is too low or you have a poor credit history.

HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

^^^^^^^^^^^^^^^^^^^^^^^^^
RESOURCE | RESOURCE | RESOURCE
^^^^^^^^^^^^^^^^^^^^^^^^^

Everyone’s Money Book on Credit
by Jordan E. Goodman

Credit has become indispensable to everyday life in the United
States. If you take control of your credit obligations, you can
increase your wealth, cut your taxes, and buy what you need when
you need it without paying a king’s ransom in interest.

www.MoneyAnswers.com/bookstore/
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ACTION STEP | ACTION STEP | ACTION STEP
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Free Credit Reports

Sign up for a free 30-day trial at the Equifax website.
You can see your credit rating on a scale similar to what creditors
see as well as the detail of your credit report so you can spot any
inaccuracies.

Click here to sign up for your free trial with Equifax:
www.GuardMyCredit.com

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ACTION STEP | ACTION STEP | ACTION STEP
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Payoff All of your Debts
in 5-7 Years using the
money you ALREADY make!
DebtIntoWealth