Get educated on Social Security benefits
You need to know when to take social security and when not to, and how Medicare works. When do you start taking money out of your account?Have a will to minimize complications later
If you haven't told your kids what [they're getting when you die], they'll fight over what you have. No matter what age you are you now need a will. You need a living trust.And you need to be sure that your spouse has the very same things — even if you think it's way too soon for that type of conversation.
Get your paperwork in place today to protect yourself tomorrow. You need to know that you have everything about your affairs [in order] so you don't become a burden.
The less money you have. The more you need it.
Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.
