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Showing posts from June, 2015
5 Smart Money moves to make by age 50

from AARP

Procrastinating on money matters is common, but as one ages, it's important to take control of personal finance matters. Below are five smart financial moves to help keep the next 50 years financially sound:

Speed Up Paying Down Debt
You don't want to be dealing with mounds of debt as you work those last few years before retiring. Calculate your current debt load and start paying off larger debts as soon as you can. This includes any car loans, mortgages, large credit card balances and personal loans that you've been carrying around for a while.

Look At Your Life Insurance
If you don't have life insurance, or think you may be under-insured, now is a good time to consider your and your family's life insurance needs. The American Council of Life Insurers recommends having life insurance coverage of seven to 10 times your salary.

Lock In Long-Term Care Coverage
Buying long-term care while you're healthy and locking i…