Seven Credit Tips for the Golden Years
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Good credit is like a muscle: You either use it or lose it. And that can be an issue for a lot of empty nesters and retirees.

Empty nesters, baby boomers and retirees have a big advantage when it comes to credit. Not only do they have a long history of using it — a big plus for the credit score — but often they also have deep-sixed a lot of their debt.

“(They) are probably financially in a much different position than younger cardholders, from the standpoint that most of their debt has been retired,” says Norm Magnuson, vice president of public affairs for the Consumer Data Industry Association, a trade association for consumer reporting companies.

But empty nesters and retirees also have some special credit needs and concerns. While they might not use credit as much as they did in their 30s and 40s, their scores — which can determine what they pay for insurance, if they pa…………… continues on Fox News
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4 tips to help determine if owning a home is right
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4 tips to help determine if owning a home is right

The Associated Press | June 28, 2011 | 01:36 PM EDT

Home prices aren’t what they used to be. Their steady decline may be causing your anxiety to rise. After all, buying a home is a big commitment.

But even in a down market, how you go about deciding whether to buy a home remains the same. Taking a few practical steps to prepare can make navigating the search for a home and a mortgage easier.

Here are a few tips to consider:

1. Determine how much you can afford.

There are several factors that influence your budget, but an online calculator can be a useful starting point. For instance, the calculator at Bankrate.com can help you work through what you need to consider, http://tinyurl.com/yjgnoxf .

Real estate we…………… continues on CNBC.com
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