This presentation focuses on what happens in your 50s and what you need to be focused on financially. It discusses issues that you need to clean up, strategies for a good retirement, paying off your debt obligations. And why you should downsize your expenses. It also reveals how you should redefine your source of income and important questions you need to ask yourself

1. Helpful Financial Information from National Debt Relief …
Money Concerns In
Your 50s: Spring
Cleaning Your
Finances
Entering your 50s may not be as
exciting as it would be in your younger
years but you know that you still have a
lot to offer into this world. It is a time
when you finally feel the years on your
physical body yet you have never felt
more alive with the memories and
experiences that life has given you over
the years. (Continued
Brought To You By:

2. Helpful Financial Information from National Debt Relief …
When you reach this decade, you know that your retirement is fast approaching.
That means you need to be aware of what to do during your pre-retirement years.
You still have a lot of money concerns to deal with and now is the time to make
sure that they will not ruin your retirement.
Financial issues you need to clean up in your 50s
By the time you are in your 50s, a lot of things have already happened in your life.
If your age is right along this decade, you are most likely a part of the Baby
Boomer generation. You have a lot of financial successes and mishaps under your
belt. You should have gone through a couple of debts, loans, profits and
investments. All of these should have given you a lot of insight about your
personal finances. And along with that, are some financial clutter that you need
to clean up.
One of the strategies for a good retirement is to make sure that you deal with the
money concerns that you will encounter in your 50s. Time is running out for you
to deal with them so you have to start acting on them now.
Given that, we have compiled 5 financial issues that you need to clean up before
your 50s are up. That way, your road towards retirement will not be as bad as it
could have been.
• Give your kids their financial independence. Believe it or not, some Baby
Boomers are still caught up with the financial problems of their kids. In
most cases, they are doing this even when their kids already have a family
of their own. As soon as your kids are working you need to let them go. It
is not just to keep your money for retirement. It is also to teach them
financial independence. That way, they can learn to rely on themselves
when a financial crisis strikes. Even if your child is still in college, you need
to start allowing them to make their own financial decisions. If they need
money, you can help them out if you wish - but not at the expense of your
retirement. That way, you can be sure that you will not be a financial
burden to them after retirement.
• Pay off your debt obligations. If you plan on retiring when you are 65 years old,
that leaves you with 15 years or less to pay off your debts. This is one of the
serious money concerns that you need to take care of. Otherwise, your
debt payments can weigh heavily on your retirement fund. Do not let this
happen. There are debt relief programs like debt consolidation or debt
settlement that can get your out of debt in 5 years or less. If you still have
that lengthy mortgage obligation, make sure you can meet the payments
every month. In case you have more room in your budget, you can try to
arrange with the lender a higher monthly contribution and a shorter
payment term.

3. Helpful Financial Information from National Debt Relief …
• Improve your credit score. At this point in time, you should have a long list of
credit history already. For some, you may even have a bankruptcy entry in
there. Your 50s is a great time for you to improve your credit score. You
want to make sure that you can erase the mistakes that you made in the
past.
• Downsize your expenses. Given that most of the kids have moved out by now, it
may be a great time to think about downsizing. We love to buy things in
the past and that should have accumulated into a significant amount of
clutter. Get rid of these and see if you can opt to move into a smaller home.
Sell your bigger home and buy a smaller one. That can help decrease your
monthly utility bills. You can also consider where you can save on your
monthly payments.
• Think about your financial goals. The last of your money concerns that may
need spring cleaning is your financial goals. See the progress of your goals
and see if your financial strategies need tweaking. Or maybe there are
goals that you need to give up on at this point. Review all of them and see
how you can revise them to suit your current financial situation and
aspirations.
Redefining your source of income
Another thing that you may want to look into is your source of income. This is an
important part of your life because of the preparation that you need to make in
your retirement. But while there is still a need to have a career, it may not be as
pressing as when you were in your younger years.
Now that the big expenses are over, with the exception of your retirement, it may
be time to slow down or take a risk to pursue your own business. According to an
article published on USAToday.com, 76% of the people who left the workforce
last year are over the age of 55. This is a statistic coming from the Labor
Department. There are probably a lot of reasons why this is so. If could be
because they want an early retirement or something negative like being forced to
retire by their employers. Making way for a younger workforce is sometimes a
necessary move for some companies.
For other pre-retirees, the decision is made so that they can pursue their own
business. USNews.com revealed that Baby Boomers have all the potential to be
great entrepreneurs. According to the statistics they got from the Ewing Marion
Kauffman Foundation, 23.4% of entrepreneurs back in 2012 are between the age
of 55 to 64 years. The article admits that this growth in entrepreneurship for
those in their 50s and 60s is caused by the recent economic collapse. But it seems
to be working just fine for everyone. The article provided some reasons why this
age group can be great entrepreneurs and here are two of the important ones.

4. Helpful Financial Information from National Debt Relief …
• You can afford to be risky. At least, this is true if your retirement fund is
already secure and you are right on track with your plans. Now that the
kids are out of the house, you only have to fend for yourself and your
spouse. You can take on a few more risks now.
• You have years of expertise and experience behind you. With age comes
wisdom and that is because of what you have gained with the years of work
you have gone through. It is impossible that you did not pick up anything
useful that will make you a great entrepreneur. It is time to put that to
good use so that anything that you can earn will go only to your pocket.
While it may be scary to venture out on your own, the potential to earn a lot when
you have your own business is there. Include this as one of your money concerns.
You can opt to work on a hobby or something similar. Try it because you may
never get another chance to do it. Besides, you want to improve your earning
potential so you do not have to work in your retirement.
Important questions to ask in when you are in your 50s
MoneyNews.com provided some interesting statistics about people who are
working beyond their retirement. From 11.5% in the 1990s, 18.5% of 65 years old
and above are still part of the work force. That is a huge increase in the past 20
years. You do not want to be a part of this statistic so you should try to make sure
that everything is in order while you are still in your 50s. Take care of your money
concerns before it is too late.
As you go through your last decade before retirement, you may want to ask
yourself a couple of questions that will set you up for a good future when you
retire.
• What is the status of my retirement plans? If you do not have enough money,
you need to work double time to make sure that you will have sufficient
funds.
• Are any of my financial goals still realistic? Smart money management begins
with setting goals but there are instances when these goals have to be
reviewed and revised. As you enter your 50s, make sure you do this task.
• How much assets have I acquired? If you have none, that is alright. You could
work hard to acquire assets but try not to take on more debts to do so. If
you have them, make sure that you prepare the documents that will
determine who will get them in case you pass away.
• What are the tax implications on my finances? Some people have no idea about

5. Helpful Financial Information from National Debt Relief …
the tax implications of senior - especially when it comes to their retirement
funds. You need to learn about this because even as early as your 50s, you
may have additional tax breaks that can increase your net income.
All of these money concerns will have to seriously considered once you reach your
50s. Do not fret if you still do not have sufficient retirement funds. You still have
time for that but it will be a bit harder to reach your goals. But you need to start
working on it now.

6. Helpful Financial Information from National Debt Relief …
Does this sound familiar?
• You are tired of worrying about money…
• You are losing sleep due to mounting credit card
debt…
• You are fighting with your partner about the
bills…
• You are living paycheck to paycheck…
• You are falling behind on your debts…
• You are losing hope…
It’s time to talk with National Debt Relief!
Call Toll Free 1-888-703-4948 Now!
Or Go To http://NationalDebtRelief.com