Credit Plus Health By Sean Toh - Suze Orman - How To Take Care Of Your Money So Your Money Takes Care Of You In Your 60's & 70's

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How to Take Care of Your Money So Your Money Takes Care of You In Your 60's & 70's

The Four Steps To Financial Freedom - Sean Toh

Step1 - The road to financial freedom is to have great health so that you are in good shape to learn.

Step 2 - An open mindset to start learning and practicing what you have learned.

Step 3 - Investing your time in your financial & health education so that you are in control of your life to create wealth to enjoy a better life.

Step 4 - Enjoy the wealth that you have created because you have been taking care of your health.



	In your 60s and 70s� Consider opting for early Social Security benefits.� But only if your payout won't be taxed (if you're making less than $12,000 in 2005). If you earn more, those early benefits will be reduced by $1 for every $2 you make above that $12,000 threshold. Taking a reduced amount before you're 65�you're eligible at 62�makes more sense than waiting three years for the full benefits. Begin your traditional IRA and 401(k) withdrawals when you turn 70 You'll face a stiff penalty if you don't start taking out money at this time. Contact the brokerage, fund company, or bank where you've invested for assistance on how to calculate and collect your withdrawal amount. By Suze Orman

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